Ownership of the AAA Four Diamond Horseshoe Bay Resort, the Jaffe Group, has entered into a management agreement with Crescent Hotels & Resorts that will lead to a multi-million dollar expansion.
Crescent, based in Fairfax, Virginia, is a nationally recognized operator of hotels and resorts with properties throughout Unites States and Canada. The announcement of the Aug. 3 agreement concludes a two-year exhaustive search by ownership of the resort for an operator who showed the talent and experience required to run Horseshoe Bay Resort.
“We are thrilled to have Crescent Hotels & Resorts at Horseshoe Bay Resort,” said M.D. Jaffe, Jr., chairman of Horseshoe Bay Resort. “We believe that Crescent is the correct choice for Horseshoe Bay Resort and we look forward to what they will do here with their vast knowledge and expertise in the hotel and resort industry.”
