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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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HIRE Act Reintroduced amid H-1B Fraud Allegations
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HIRE Act reintroduced amid H-1B fraud allegations

Summary:

  • Krishnamoorthi reintroduced the HIRE Act, proposing to raise the H-1B cap to 130,000.
  • The proposal would help fill tech and defense gaps, fund STEM education.
  • Doubling the cap could boost Indian H-1B approvals if the system is fair, an expert said.

INDIAN-ORIGIN U.S. REP. Raja Krishnamoorthi recently reintroduced legislation proposing to raise the H-1B visa cap to 130,000 amid new fraud allegations against the program. Experts estimate the increase could create 45,000 to 50,000 additional opportunities for Indian professionals, though political uncertainty persists.

The Halting International Relocation of Employment Act would raise the annual H-1B cap from 65,000 (plus 20,000 for advanced degree holders) to 130,000, according to The Times of India.

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