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New Castle Hotels and Resorts to Launch the Inns at Armory Square

5/17/2012

SHELTON, Conn. & SYRACUSE, N.Y.—Officials of New Castle Hotels and Resorts, a hotel owner, operator and developer, today announced its joint venture and long term management agreement for the Residence Inn/Courtyard by Marriott project currently under development by RHS Holdings, LLC, a Syracuse-based real estate development firm. The combination hotel is the first new-build hotel in downtown Syracuse in more than 50 years.

The hotels, scheduled to open in a year, also mark the return of Marriott brands to downtown Syracuse. The project is the largest, non-office building new construction project in downtown Syracuse in more than 25 years.

“Armory Square is one of the great urban redevelopment stories in the country. In its heyday, the neighborhood was home to numerous hotels. The addition of our hotels will assure the Syracuse visitors a unique and memorable experience,” said Richard Sykes, vice president RHS Holdings, LLC, in an announcement. “Gerry Chase and his team from New Castle have deep roots in Syracuse. They’ve been involved in managing five hotels in the Syracuse market over the last 25 years, so their knowledge of the market, coupled with their hotel industry experience made them the only choice for this venture.”

The Inns at Armory Square will feature a 78-room Residence Inn and a 102-room Courtyard by Marriott with a shared lobby and pool.

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