NewcrestImage To Acquire Nine Arizona Properties From G6 Hospitality
DALLAS—NewcrestImage has reached a definitive agreement to purchase nine hotels in Arizona from G6 Hospitality—six branded Motel 6 and three branded Studio 6. The transaction is expected to close in early March. “Acquiring properties, along with developing new hotels, are our two primary investment strategies for achieving growth in 2022,” said Mehul Patel, chairman and CEO of Dallas-based NewcrestImage. “We look forward to creating fresh opportunities for these nine Arizona hotels in keeping with our […]
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