RALEIGH, NC—Locally-based Concord Hospitality Enterprises and Kane Realty Corp. report they will develop and operate North Carolina's first AC hotel here in the city's North Hills section.
The Marriott International-branded hotel will feature 133 rooms and is expected to open in 2016. The AC Hotel Raleigh project is Concord and Kane Realty's third hotel joint venture in the mixed-use North Hills district and will be located in the Park District at North Hills near the LEED Gold-certified CAPTRUST Tower.
“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," says 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."
North Hills, located near Exit 8 on the I-440 interstate, is home to numerous luxury apartment complexes, more than 700,000 square feet of office space and many outdoor gathering spots. Quality-of-life options include spas, salons, and a state-of-the-art 60,000 square foot gym. Entertainment outlets include a 14-screen cinema and bowling center, as well as a range of dining establishments from quick-serve to fine dining, high-end boutiques, department stores and cafés.
“We are ecstatic to bring AC Hotel Raleigh to the Triangle,” says John Kane, CEO of Kane Realty. “As the region continues to receive national acclaim, we remain committed to the vision of creating irresistible places within vibrant communities. With shopping, dining, and entertainment all within walking distance, we know that a lifestyle hotel will be very successful in this location.”
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