New Castle Promotes Charles Snyder to Vice President Acquisitions and Development

  SHELTON, CT - 12/08/2016 (PRESS RELEASE JET)

Gerry Chase, president and COO of New Castle Hotels & Resorts, a leading third-party management company and hotel developer, today announced the promotion of Charles Snyder to vice president of acquisitions and development for the company’s growing portfolio of hotels in the US and Canada. 

Snyder joined the company in 2012 charged with evaluating potential acquisitions, development and co-investment opportunities.  His recent accomplishments include the acquisition of the Hampton Inn & Suites Milwaukee Downtown, the acquisition, renovation and rebranding of the recently opened Fairfield Inn & Suites New Orleans Downtown French Quarter Area and the initial development of the dual-brand Residence Inn/Courtyard by Marriott which broke ground in Dartmouth, Nova Scotia in October.

“Since joining New Castle, Charles has played a critical role in not only bringing new deals to fruition, but in helping to divest assets in a strategically sound and timely fashion,” said Chase.  “He brings to his work an analyst’s critical eye and an entrepreneur’s heart for opportunity; a valuable combination of skills and talents in any phase of the investment cycle.”

            Snyder’s hotel industry background includes positions with Smith Travel Research, where he was part of the team that launched HotelNewsNow.com and PhoCusWright. Prior to joining New Castle, Snyder was part of the hotel capital advisory team at The Ackman-Ziff Real Estate Group in New York City.  He earned his MBA from New York University’s Stern School of Business and a BS from Penn State University’s Smeal College of Business.

About New Castle Hotels & Resorts

Shelton Ct. based New Castle Hotels & Resorts, an award-winning independent third-party hotel manager, owner and developer with 20 hotels and resorts and nearly 3,500 rooms under contract or in development.  New Castle’s growing portfolio of hotels spans nine states and two Canadian provinces, including several historic landmark hotels and resorts.  The privately-held company was established by CEO, David Buffam in 1980 and consistently ranks among the top hotel management and development companies in North America.  New Castle is a preferred operator for diverse brands within the Marriott, Hilton and Starwood families. For additional information, please go to www.newcastlehotels.com.