SHELTON, Conn.--(BUSINESS WIRE)--Officials of New Castle Hotels & Resorts, a leading hotel owner, operator and developer, today announced the acquisition of Hampton Inn and Suites, Milwaukee Downtown.
Centrally located at 176 W. Wisconsin Ave. and adjacent to the city’s Riverwalk, the 138 key hotel marks New Castle's first acquisition of the New Year. The hotel will complete underway systems upgrades while remaining operational.
"With strong revenue management and some overdue infrastructure upgrades, this hotel has tremendous upside potential," said David Buffam, CEO of New Castle Hotels & Resorts.
“New Castle has a long track record operating in southeastern Wisconsin, and recent developments including the new $75 million Dollar General distribution center in Janesville and Amazon.com’s facility in Kenosha point to good economic times ahead," said Gerry Chase, president and COO of New Castle. "In our new neighborhood, forward-thinking residential projects like MKE Lofts, luxury apartments adapted from an historic building, and Northwestern Mutual’s long term commitment to commercial and residential development all indicate a dynamic and growing downtown. Milwaukee’s strong food and beer scene have helped to make this the second most popular city in the Mid-West. We are very much looking forward to being part of this vibrant community.”
The Hampton Inn and Suites Milwaukee Downtown offers a heated indoor pool and hot tub as well as meeting space to accommodate up to 50 people. The hotel is located just nine miles from the General Mitchell International Airport and is within walking distance of all major downtown attractions including the Harley Davidson Museum, US Cellular Arena, Milwaukee Public Theater and the city’s annual Summerfest, the world’s largest music festival. For additional information, please visit Hampton Inn Milwaukee Downtown.
About New Castle Hotels & Resorts
The Hampton Inn and Suites Milwaukee Downtown is owned and operated by Shelton Conn. based New Castle Hotels & Resorts, an award-winning independent third-party hotel manager, owner and developer with 26 hotels and resorts and nearly 5,000 rooms under contract or in development. New Castle’s growing portfolio of hotels spans 11 states and three Canadian provinces and includes several of Canada’s historic landmark 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 recently was honored with Marriott's 2014 Best Renovation award for the Algonquin Resort and is a preferred operator for diverse brands within the Marriott, Hilton and Starwood families. For additional information, please go to www.newcastlehotels.com.