Williamsburg, VA and Jacksonville Beach, FL: August 31, 2016, Newport Hospitality Group, Inc., (NHG) a leading hotel management company has recently been selected to manage the Hampton Inn Jacksonville Beach Oceanfront. This will be the second hotel managed for Roch Capital, Inc. a real estate and private equity firm of Glen Mills, PA.
Hampton Inn Jacksonville Beach/Oceanfront is a 7-story hotel with 350 feet of direct beach access. The hotel boasts 177 rooms, including 15 suites, 6500 square feet of meeting/event space, a 120 foot heated lagoon style pool with 4 waterfalls, and the Tike Bar, a popular ocean front restaurant/bar. Each room offers a balcony with ocean views.
“We saw an opportunity to further improve the performance of this great asset by bringing in NHG”, said Vincent Abessinio, Co-President of Roch Capital. “Based on our existing relationship and experience with NHG, we believe they will be a great fit.”
“We are excited to grow our partnership with Roch Capital”, said Chief Operating Officer, Wayne West III of NHG. “We are confident that this hotel will not only maintain its leadership role in the market but excel under NHG’s management. With NHG’s dedication to marketing, revenue management, and excellent guest service this hotel is positioned to grow along with the vibrant Jacksonville Beach market.”
Newport Hospitality Group, Inc., located in Williamsburg, Virginia is a leading hotel management company specializing in select and full service hotels. They operate 35 plus hotels in the Eastern United States. Their diverse portfolio includes independent boutique hotels as well as many of the top brands such as Hilton, Marriott, Hyatt, Choice, Wyndham and Intercontinental Hotel Group.
Roch Capital, Inc., located in Glen Mills, Pennsylvania is one of the region’s fastest growing Real Estate Investment companies. Roch invests in diversified real estate opportunities including hospitality, office, retail, industrial, multifamily, student housing, and mixed-use.
Contact: Carl Kruelle // Roch Capital // Carlkruelle@rochcap.com // 484.840.2709