Concord Hospitality and Kane Realty To Develop the 133-room AC Hotel Raleigh in NC; To Open in 2016

• 
  SAVE
• 
  SHARE
• 
  TEXT SIZE
• 
  PRINT
• 
  COMMENT
• 
  PDF

. January 16, 2015

RALEIGH, NC - January 16, 2015 - Concord Hospitality Enterprises and Kane Realty Corporation today 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.

AC Hotels target travelers searching for a design-led hotel in a great location. Sleek, sophisticated, European-inspired aesthetics bring the culture of the location alive to support the guest experience. Founded in 1998, AC Hotels is an international hotel brand with nearly 100 hotels located primarily in Europe. AC Hotels and Marriott International formed a joint venture in 2011 to expand the brand into the United States and further abroad. AC Hotel Raleigh is one of more than 30 hotels set to open within the next three years throughout the U.S. and Latin America.

"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."

"We are ecstatic to bring AC Hotel Raleigh to the Triangle," said John Kane, CEO of Kane Realty Corporation. "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."

Located in the heart of Raleigh, North Hills is just off Exit 8 on the I-440 interstate, only 15 minutes from RDU International Airport. The multi-faceted district 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 cafes.

About Concord Hospitality

Concord Hospitality Enterprises Company, an award-winning hotel management and development company based in Raleigh, N.C., owns and-or manages more than 90 hotels comprised of more than 13,000 guest rooms in 20 states and 2 Canadian provinces. The company operates hotels and resorts under leading brand affiliations including Choice Hotels, Hilton, Hyatt, InterContinental Hotels Group, Marriott and Starwood, as well as select independent boutique hotels. Concord properties are some of the most awarded hotels in the country, having won nearly 100 top honors in the past two years alone.

About Kane Realty Corporation

Focused on the development and management of retail, office, residential, senior living and mixed-use properties of the highest quality, Kane Realty Corporation is dedicated to the goal of creating irresistible places where people will naturally want to gather. Through concern for smart growth and meticulous attention to detail in every aspect of the property from design to management, Kane's mission is to build places that improve the quality of life of their businesses, their employees, residents and visitors. For more information, please visit KaneRealtyCorp.com.

About North Hills

Live, work, shop, dine, and play at North Hills. This innovative, multi-faceted district offers many options to live and stay a while- with four-star hotel rooms, Park and Market Apartments, Midtown Green Apartments, and The Alexan. Parks and many gathering spaces offer plenty of fresh air, while conveniences such as dry cleaning, banks, and a pharmacy are just a leisurely stroll away. Quality-of-life amenities are also at your fingertips, such as renewing spas, salons, and a state-of-the-art 60,000 square foot gym. Entertainment venues, such as a 14-screen cinema, Kings Bowl, World of Beer and the new Midtown Park, are right next door. Premier dining establishments, high-end boutiques, department stores, and cafes are all a few steps in any direction. For more information, please visit VisitNorthHills.com.