NewcrestImage Joins the Wallace Bajjali Development Team in Their Downtown Redevelopment Efforts

Posted on Oct 31, 2013

NewcrestImage has announced a partnership to build a convention hotel in downtown Amarillo with master developer Wallace Bajjali Development Partners. The announcement follows discussions over the past several months between NewcrestImage, Wallace Bajjali Development Partners and the Amarillo Local Government Corporation regarding the hotel’s development.

The hotel is part of a public‐private partnership development that includes a Multi‐Purpose Entertainment Venue (MPEV) and a public parking garage, which will be located at Buchanan Street and 6th Avenue.  As the developer and operator of the hotel, NewcrestImage will secure traditional financing for the project.  Wallace Bajjali and NewcrestImage will continue to work with the Amarillo Local Government Corporation as the project proceeds.

NewcrestImage has developed many hotels, including the new Courtyard and TownePlace Suites in Grapevine and Hilton Garden Inn in College Station, Texas as well as the Cotton Exchange Hotel in New Orleans.  NewcrestImage also developed and operates the highly successful 107‐room Courtyard by Marriott at the historic Fisk building on Polk Street, which opened in 2011. Having the same operator for the Marriott and the new convention hotel will enhance the ability to provide sufficient rooms for conferences at the Civic Center.

“As master developers, we are thrilled with the addition of NewcrestImage as our development partner for this project,” says Costa Bajjali with Wallace Bajjali Development Partners. “NewcrestImage brings a great deal of experience to the Amarillo market.”

A significant amount of work has already been completed in a relatively short period of time by NewcrestImage. Environmental assessments are underway for the hotel site, soil samples have been taken for foundation design and an architect has been engaged to proceed with the design of the hotel.

“We are excited to be a part of this overall downtown redevelopment effort. We strongly believe that the additional rooms and meeting space close to the Civic Center are needed to attract conventions that Amarillo cannot get today,” says Chirag Chuck Patel with NewcrestImage.

Wallace Bajjali is engaging a parking consultant to work with the architect and structural engineer on the design and development of the garage. Plus, progress continues on the MPEV development that will provide a stadium to house baseball and other entertainment venues. Earlier this week, the Amarillo Economic Development Corporation and City Commission approved an agreement with Coca‐Cola to build a more suitable building for their operations in Amarillo, freeing up land for the MPEV. The MPEV will be located on land currently owned by the City and Coca‐Cola immediately south of City Hall.

“This project – the hotel, parking garage and MPEV, will help move downtown development forward, providing an important catalyst project to draw additional investment to downtown,” says Bajjali.

For more information about NewcrestImage, explore their website at www.newcrestimage.com. Resources on this project and others downtown can be found at www.downtownamarillo.com.

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