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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.

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Viral Post on SBA Loans to Indian hoteliers in Ohio
Photo Credit: X

Viral post targets SBA loans to Indian hotel owners

Summary:

  • A viral post on X claimed that a $1.677 million SBA loan went to Indian hotel owners.
  • The user raised concerns about taxpayer money in Ohio.
  • AAHOA president responds to the claim.

A POST ON X questioned the legitimacy of Small Business Administration loans to Indian American hotel owners. The user raised questions over how American taxpayer dollars are spent in Ohio, but AAHOA, in response, said their members contribute much to federal, state and local economies.

“Here’s where your Ohio tax dollars are going. SBA Loan $1,677,000 for Indian hoteliers,” X user The Constitutionalist posted.

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