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| Rendering of planned AC Hotel Raleigh, North Hills Neighborhood, Raleigh, NC |
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| Mark Laport |
RALEIGH, NC— Concord Hospitality Enterprises and Kane Realty
Corporation announced that they will develop and operate North Carolina's first
AC Hotel, a Marriott International lifestyle brand, in Raleigh's North Hills
section.
The AC Hotel will be located in the Park District at North
Hills near LEED Gold-certified CAPTRUST Tower.
AC Hotel Raleigh , a 133-room upscale hotel is expected to
open in 2016 and will be Concord and Kane Realty’s third hotel joint venture in
North Hills, the heart of Raleigh’s Midtown innovative mixed-use district that
includes high-end boutiques, well-known department stores, the Triangle’s best
dining and a year-round calendar of entertainment.
“North Hills is the
premier midtown Raleigh address and is at the forefront of a national trend in
urban development, providing a refined mixture of everything that makes a
community desirable," said Mark Laport, Concord’s president and
CEO.
"We saw the potential for
this project when we developed the Renaissance Raleigh/North Hills in 2008 and
continued to share the vision when we built the HYATT house hotel in 2013. It is clear to us that this flourishing
urban center can support and will benefit greatly from the addition of another
well-respected Marriott brand that speaks to a slightly different demographic
than the existing hotels."
For a complete copy of the company’s news release, please
contact:
Lauralee Dobbins
(703) 435-6293
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