Grapevine-based NewcrestImage and Dallas-based Coury Hospitality are forming a partnership for “lifestyle hotel development.”
Coury Hospitality's best-known local property is the Hotel Vin in Grapevine.Grapevine-based NewcrestImage — one of North Texas’ best-known hotel developers — is forming a partnership with a Dallas company to build and operate more properties.
NewcrestImage is teaming with Coury Hospitality for “lifestyle hotel development.” NewcrestImage will own 50% of the new venture. “This investment allows us to compete, grow, and succeed together, leveraging our extensive resources, wide geographic reach, and shared commitment to fostering a close-knit corporate culture,” NewcrestImage chairman and CEO Mehul Patel said in a statement.Texas Public Utility Commission Chairman Peter Lake has resigned from the agency charged with regulating Texas' embattled power grid.
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