Two Marriott Hotels Will Anchor 100-Acre Master-Planned CommunityRALEIGH-DURHAM, N.C. – August 11, 2008 – Jackson-Shaw, a national real estate development and investment firm, today announced that it has awarded management contracts to operate two Marriott properties in the Dallas area to Concord Hospitality Enterprises, one of the nation’s top-ranked hotel developer/owner/operators.
Concord also will provide pre-opening services for the hotels.
The two properties, a 102-room Residence Inn and 104-room Fairfield Inn & Suites, will anchor The Cascades at The Colony, (top right photo) Jackson-Shaw’s 100-acre, master-planned community in The Colony, Texas, a suburb of Dallas.The hotels are expected to open in the spring of 2009 and represent Jackson-Shaw’s continued commitment to expanding its hotel portfolio, with the planned development of another pro
perty in Dallas and one in Jacksonville, Florida.
perty in Dallas and one in Jacksonville, Florida. “We went through an extensive process to choose a hotel management company that was aligned with our vision for the community, as well as with our values as a developer,” said Christopher Sheldon, (middle right photo) vice president of hotel operations at Jackson-Shaw.
“Concord has the experti
se and experience to deliver the level of quality and excellence we expect for these properties, which are located along a major corridor in an emerging suburb.”
se and experience to deliver the level of quality and excellence we expect for these properties, which are located along a major corridor in an emerging suburb.” The addition of the two contracts increases Concord’s managed properties to half of the company’s total portfolio of more than 50 hotels, and moves the company towards its stated goal of doubling its portfolio size by 2010
Contacts: Melanie Boyer or Jerry Daly, (703) 435-6293.
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