AC Hotel

Concord Hospitality and Kane Realty To Develop North Carolina’s First AC Hotel

Originally published in HospitalityBusinessNews.com on January 15, 2015

RALEIGH, N.C.–(hospitalitybusinessnews.com)– 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 cafés.

HospitalityBusinessNews.com