Skip to content

Search

Latest Stories

NewcrestImage opens Homewood Suites in Parsippany, NJ

It renovated and converted the property acquired in 2022

NewcrestImage opens Homewood Suites in Parsippany, NJ

Homewood Suites Parsippany is now open in Parsippany, New Jersey. NewcrestImage acquired the 150-unit, five-story all-suites building in June 2022 and renovated it.

Dallas-based NewcrestImage is led by Mehul Patel, managing partner and CEO.


“We don’t just see properties as they are, but as what they can be,” said Patel. “This hotel, with its location along Interstate 80 between New York and Pennsylvania in northern New Jersey, offered a compelling opportunity for increased profitability through rebranding.”

The hotel offers two meeting rooms, an indoor pool and an upgraded fitness center.

The Homewood Suites is near Newark Liberty International Airport, Parsippany Railway Station, and five major interstate and state highways. It is also close to the 2,500-seat Mennen Sports Arena, Frelinghuysen Arboretum, Morris Museum, American Dream Mall, and New York City.

In October, NewcrestImage expanded its luxury full-service portfolio with the addition of The Beeman Hotel in Dallas, which features 296 guestrooms and suites across nine floors.

More for you

AHLA members meet with U.S. lawmakers to discuss key hospitality legislation impacting hotel owners and workers

AHLA shares priorities with lawmakers

AHLA Members Unite on Capitol Hill to Advance Hospitality Legislation

MORE THAN 250 American Hotel & Lodging Association members met with lawmakers in the U.S. Senate and House to discuss legislative priorities critical to the hospitality industry. They raised concerns about tax and trade policies impacting hotel operating costs and travel demand amid ongoing budget reconciliation and tax negotiations.

Members also discussed expanding and upskilling the hospitality workforce through measures such as adjusting the H-2B visa cap and protecting the franchise model, which supports more than half of all U.S. hotels and 2.8 million jobs, the association said in a statement.

Keep ReadingShow less
CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less
Palette Hotels to Transform DoubleTree by Hilton in Washington, PA

Palette to manage Washington, PA, DoubleTree

Palette’s Expertise in Hospitality Management

SUNRISE GOLD HOSPITALITY recently selected Palette Hotels to manage its 140-room DoubleTree by Hilton Washington Meadow Lands Casino Area in Washington, Pennsylvania. Palette will oversee renovations, including Hilton Connected Rooms technology upgrades, new signage, landscaping, building systems and updates to the lobby, guestrooms, bathrooms, meeting spaces, restaurant, bar and lounge.

Sunrise Gold Hospitality is led by owner Ramesh Pandya, and Palette Hotels by Founder and CEO Richard Lou.

Keep ReadingShow less