New Generation Hospitality Adds Four Properties
WARREN, NJ, March 11, 2008. New Generation Hospitality, a Warren New Jersey based hotel acquisition and management company, announced the addition of four properties to its portfolio. The properties total 435 rooms in such key locations as Edison, NJ.; Meriden Ct.; Lehighton, Pa.; and Easton Pa. The brands represented are Holiday Inn, Four Points by Sheraton and Hampton Inn. All four hotels will continue under their current franchise affiliation. "These properties are all high quality assets, several of which are recognized as being top performers within their respective brands. We are pleased to have added these Hotels to our portfolio as we continue our aggressive growth in this region." stated Kevin Mahoney, President of New Generation Management.
About New Generation Management
New Generation Management, is part of New Generation Hospitality a rapidly growing hotel acquisition and management company based in Warren, New Jersey. NG Hospitality Group is headed by Sujal Mehta, CEO. The Hotel Management Division of NGH, New Generation Management, is headed by Kevin Mahoney, President. The company is targeted to grow its asset base by over $200 million over the next 12 months through new development projects in New York City, New Jersey, and Florida, as well as other strategic and high barrier to entry markets. http://www.nghotels.com.
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