RALEIGH, NC—Concord Hospitality Enterprises and Kane Realty Corp. will develop and operate North Carolina’s first AC Hotel, a Marriott International lifestyle brand, here in the North Hills section
The 133-room hotel will be located in the Park District and is expected to open in 2016. It is Concord and Kane Realty’s third hotel joint venture in North Hills.
“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/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,” stated John Kane, CEO of Kane Realty Corp. “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.”
Founded in 1998, AC Hotels is an international hotel brand with nearly 100 properties 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.