{"id":1004102180,"date":"2014-08-13T07:05:42","date_gmt":"2014-08-13T15:05:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004102180"},"modified":"2022-12-07T05:09:47","modified_gmt":"2022-12-07T13:09:47","slug":"concord-hospitality-plans-hyatt-house-hotel-for-jersey-city","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/concord-hospitality-plans-hyatt-house-hotel-for-jersey-city\/","title":{"rendered":"Concord Hospitality Plans Hyatt House Hotel for Jersey City"},"content":{"rendered":"<div id=\"attachment_1004102182\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/Mark-Laport.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004102182\" data-attachment-id=\"1004102182\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/concord-hospitality-plans-hyatt-house-hotel-for-jersey-city\/mark-laport\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/Mark-Laport.jpg\" data-orig-size=\"300,300\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1207040997&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;200&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Mark Laport\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Mark Laport&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/Mark-Laport.jpg?w=300\" class=\"size-thumbnail wp-image-1004102182\" alt=\"Mark Laport\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/Mark-Laport.jpg\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/Mark-Laport.jpg 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/Mark-Laport.jpg?resize=150,150 150w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><p id=\"caption-attachment-1004102182\" class=\"wp-caption-text\">Mark Laport<\/p><\/div>\n<p><span style=\"font-size: 13px\">By Keith Loria, Contributing Editor<\/span><\/p>\n<p>Concord Hospitality Enterprises is developing a 258-room Hyatt House hotel in the Exchange Place district of Jersey City, N.J., at a total cost of $90 million.<\/p>\n<p>\u201cWe have a track record of successful redevelopment projects with historical buildings located in the heart of a city that are a significant piece to a community\u2019s rejuvenation efforts,\u201d Mark Laport, Concord Hospitality\u2019s president &amp; CEO, told <i>Commercial Property Executive<\/i>. \u201cCourtyard Penn Avenue in Pittsburgh and our Residence Inn in downtown Columbus in the historic Buckeye Bank Building are just two of them.\u201d<\/p>\n<p>The development will bring 350 construction jobs and 80 permanent and 60 part-time hotel jobs to New York\u2019s Hudson River neighbor, expected to produce more than $1.6 million in annual revenue for the city.<\/p>\n<p>\u201cThis is a very exciting market and a great location along the river, across from the new Freedom Tower,\u201d Laport said. \u201cToday, Jersey City only has six hotels, and because of its proximity to Manhattan, often the hotels are filled to capacity, sending tourists and clients to other locations. With Mayor (Steve) Fulop\u2019s commitment to job creation and generating new revenue for the city within its current infrastructure, it became clear this was the perfect combination for our company to develop a hotel in Jersey City.\u201d<\/p>\n<p>The new Hyatt House hotel will be the city\u2019s sixth hotel and second Hyatt property.<\/p>\n<p>Located at 1 Exchange Place, the 13-story, residentially inspired extended-stay hotel is an adaptive reuse of a 92-year-old building, which was originally the First National Bank of Jersey City.<\/p>\n<p>The hotel will feature 10,000 square feet of street-level retail space, a rooftop outdoor lounge, and an upper-level lobby.<\/p>\n<p>\u201cThat Jersey City continues to attract the interest of prominent international brands such as Hyatt and well-respected developers like Concord Hospitality who are willing to make substantial investments in our community is a testament to our location as a destination, the quality of our workforce and our city\u2019s commitment to grow our tax base by attracting new business,\u201d said Jersey City Mayor Fulop in a release.\u00a0\u201cConcord Hospitality is taking great care to transform the state\u2019s oldest bank building into a new hotel, which speaks to their thoughtful and respectful approach to the projects they undertake.\u201d<\/p>\n<p>The hotel is close to public transportation and is just 12-minutes from the World Trade Center and Newark\u2019s Penn Station. Concord has developed several Hyatt House hotels in the past 24 months that have ramped up very successfully, including Hyatt House South Side in Pittsburgh and Hyatt House North Hills in its hometown of Raleigh.<\/p>\n<p>\u201cThere not only was a need for more hotels in the Jersey City market but the city also lacked an upscale extended-stay brand,\u201d Laport said. \u201cThat made it easy to work with our partners at Hyatt and brand this hotel a Hyatt House.\u201d<\/p>\n<p>The hotel is expected to open in December 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Concord Hospitality Enterprises is developing a 258-room Hyatt House hotel in the Exchange Place district of Jersey City, N.J.<\/p>\n","protected":false},"author":755,"featured_media":1004102182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21751,21742,10],"tags":[],"class_list":["post-1004102180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-hotel","category-latest","category-northeast"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Concord Hospitality Plans Hyatt House Hotel for Jersey City - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/concord-hospitality-plans-hyatt-house-hotel-for-jersey-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Concord Hospitality Plans Hyatt House Hotel for Jersey City\" \/>\n<meta property=\"og:description\" content=\"Concord Hospitality Enterprises is developing a 258-room Hyatt House hotel in the Exchange Place district of Jersey City, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/concord-hospitality-plans-hyatt-house-hotel-for-jersey-city\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-13T15:05:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T13:09:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/Mark-Laport.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Suzann D. 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