NewcrestImage JV acquires BW Plus in AZ

The Best Western Plus in Page, AZ, has been acquired by a new joint venture of NewcrestImage, Dabu Hotels and Countrywide Hospitality. The 130-room hotel will be operated by Terrapin Hospitality.

The property is located in a major leisure destination area that is visited by more than 4.5 million visitors. Among nearby outdoor attractions are the Grand Canyon, Lake Powell, Monument Valley, Glen Canyon Dam, Antelope Canyon and Horseshoe Bend.

“This hotel is a key stop for travelers who are making the ‘grand circle’ tour of Western national parks such as Zion Park and Bryce National Park,” said Mehul Patel, managing partner/CEO, NewcrestImage. “We are always looking to acquire well-positioned properties such as this one, and we are excited to partner with strong investment partners like Dabu Hotels and Countrywide Hospitality.”

This acquisition continues an active investment mode by Dallas-based NewcrestImage, which has now added 77 hotels with almost 8,000 rooms since March of this year. In September alone prior to this deal, the company has added 60 Marriott-branded hotels with about 5,500 rooms located in 19 states.