Hotel Investor NewcrestImage Wants to Raise $250 Million for National Expansion

A Lewisville company that owns and operates 28 hotels in Texas, Oklahoma and Louisiana is looking to raise $250 million to expand its footprint nationally.NewcrestImage hired two executives from Civitas Capital Group to assist in raising capital and identifying potential investments, which could include buying existing properties, building new hotels or adapting historic buildings. David Perel and Caroline Lerner Perel joined the company July 1 as chief investment officer and chief development officer, respectively.  Continue reading...