Williamsburg, VA and Orlando, FL: (March 17, 2017) Newport Hospitality Group Inc., (NHG) a leading hotel management company, has recently been selected to manage the Holiday Inn Resort Orlando-Lake Buena Vista Hotel for majority owner Roch Capital Inc., a real estate and private equity firm based out of Glen Mills, PA.
As a preferred management company for Roch Capital, Newport also operates two other properties in Roch Capital’s portfolio, including the Hampton Inn Jacksonville Beach Oceanfront, Jacksonville Beach Florida and the Hilton Garden Inn Frederick, Maryland.
As the third hotel that Newport now manages for Roch Capital, the Holiday Inn Resort Orlando-Lake Buena Vista Hotel is a 4-star, 5-story property with 494 rooms and suites, outdoor pool and whirlpool, fitness center, games room, an adjoining Applebee’s restaurant, and 7000 square feet of newly expanded meeting/event space. The resort caters primarily to the tourism industry due to its proximity to the Orlando Convention Center, Walt Disney World® Resort, Universal Orlando® Resort and SeaWorld Orlando as well as to business guests attending conferences or conventions.
“Newport has proven to be an important partner operating two of our other hotel assets, and we are confident that the company’s diligent management will help improve this property’s financial success,” said Vincent Abessinio, Co-President of Roch Capital. “We look forward to growing our relationship with NHG as we continue to expand our hotel portfolio.”
“Roch Capital’s continued trust in our ability to manage its hotel assets is a strong testament to our superior expertise in revenue management and marketing as well as our dedication to guest service excellence and profitability,” said Wayne West, Chief Operating Officer of Newport. “We are delighted to add this property to the rapidly growing NHG family, and we are confident that the hotel will excel under our management as well as come to play a very important role in the Orlando market.”
Newport Hospitality Group Inc., located in Williamsburg, Virginia, is a leading hotel management company specializing in select and full-service hotels. They operate more than 40 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 Capital 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