New Castle Hotels & Resorts has entered into a long-term agreement to manage the Holiday Inn Saratoga Springs in New York on behalf of JLK Global Fund International. The deal expands NCH’s relationship with the Canadian investment group, which it has partnered with to develop the dual-brand Residence Inn by Marriott/Courtyard by Marriott Halifax Dartmouth opening in Nova Scotia later this month.
The 168-room Holiday Inn features a restaurant, bar and lounge; 9,000 square feet of meeting space; a heated indoor and outdoor pool; and a fitness center. Located in Saratoga Springs’ downtown district, it is within walking distance of the Saratoga Race Track, Canfield Casino and Saratoga Performing Arts Center.
“The full-service hotel and conference center was developed, owned and managed for over 50 years by a dedicated group of local citizens, who positioned the property at the heart of the community,” Julian Buffam, NCH partner, said in a statement. “We look forward to embracing that close relationship with the community while enhancing the guest experience and overall hotel performance with proven operational strategies and further capital improvements.”
New Castle Hotels & Resorts is a hospitality investment, development and management company. As of the end of 2018, it managed 2,485 rooms across 17 properties. The company’s portfolio consists of upper-midscale to upper-upscale hotels in urban, “surban” (between urban and suburban) and major resort locations.