- In 2012, New Castle Hotels & Resorts partnered with Southwest Properties to acquire the iconic Algonquin Resort from the province of New Brunswick. Overlooking picturesque Passamaquoddy Bay and including the renowned Algonquin Golf course, the 233-room resort was built in 1889 and required extensive improvements to remain viable in a new century. The hotel had enormous appeal and potential but required a new approach to marketing and management. New Castle's experience operating other landmark Canadian hotels and resorts including the Westin Nova Scotian, the Keltic Lodge Resort and Spa and the Digby Pines Golf Resort and Spa positioned the company to succeed.
- Following an extensive, $50 million renovation, the landmark resort reopened in 2014 and was the first Canadian property to join Marriott’s Autograph Collection of independent luxury properties.
- The full-scale renovation honors the resort’s Victorian origins while integrating all of the modern comforts and contemporary amenities that today’s guests expect. An indoor pool building, including a state of the art fitness center, was constructed to extend the hotel’s peak season beyond the summer months.
- In an effort to both expand offerings for guests and serve as a gathering place for the local community, the Algonquin includes two restaurants: the Clubhouse and Braxton’s Restaurant and Bar, named for the Algonquin's first chef, George Braxton, who is believed to be the first African American man to publish a cookbook and lead the kitchen of a luxury resort.
- The project earned Marriott's prestigious award for Full-Service Renovation of the Year and one year later the hotel's team earned brand recognition as Canadian Marketing Leader of the Year for franchise hotels.
- New Castle’s solid turnaround expertise and track record of thoughtful historic renovations of landmark properties ultimately helped The Algonquin earn CAA's prestigious four-diamond designation. It has since earned additional accolades from Conde Nast readers (Top 20 Resorts in Canada), and was named one of the top iconic hotels in Canada by Slice.ca. In 2017, USA Today readers named tiny St. Andrews by the Sea the best small town in Canada. The Algonquin was installed as a member of Historic Hotels Worldwide in 2015, one of only six hotels in the country.