{"id":1004111521,"date":"2015-01-20T07:28:27","date_gmt":"2015-01-20T15:28:27","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=318529"},"modified":"2020-05-19T08:06:50","modified_gmt":"2020-05-19T16:06:50","slug":"ud-concord-hospitality-buy-dayton-marriott","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ud-concord-hospitality-buy-dayton-marriott\/","title":{"rendered":"UD, Concord Hospitality Buy Dayton Marriott"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Dayton-Marriott.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-318536\" title=\"Dayton Marriott\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Dayton-Marriott.jpg\" alt=\"\" width=\"300\" height=\"161\" \/><\/a>Last month, the University of Dayton announced that, together with Raleigh, N.C.-based Concord Hospitality, it has acquired the Dayton Marriott Hotel at the western gateway of its campus. The purchase price was $18.5 million. UD and Concord will jointly own the property.<\/p>\n<p style=\"text-align: justify;\">The hotel sits on 9.8 acres of riverfront land, on South Patterson Boulevard, in the middle of the university\u2019s expanded campus. It was constructed in 1982 and, according to UD, it was last renovated in 2008. Over the years, it hosted thousands of families, alumni, athletic teams and academic conference participants.<\/p>\n<p style=\"text-align: justify;\">The Dayton Marriott offers 399 guest rooms, including nine suites, 13,600 square feet of meeting space, a full-service restaurant and bar, a health club and indoor\/outdoor pool. Although they did not reveal how much they plan to invest, UD and Concord said that they will completely renovate the rooms and baths, upgrade the ballroom, meeting rooms and fitness center, and reconfigure of the existing lobby and restaurant space into a Marriott great room with flexible space for business, recreation and social activities.<\/p>\n<p style=\"text-align: justify;\">The hotel will remain a full-service Marriott. Concord will operate it and oversee its renovation.<\/p>\n<p style=\"text-align: justify;\">Tom Burkhardt, UD\u2019s vice president for finance and administrative services, said that having a first-class, full-service hotel will complement the development of the University&#8217;s campus master plan. It includes the multi-million dollar <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/cincinnati\/university-of-daytons-53m-ge-aviation-episcenter-is-the-best-economic-development-project-in-ohio\/1004085891.html\" ><em>GE Aviation EPISCenter<\/em><\/a> and the Emerson Innovation Center projects.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/www.marriott.com\" rel=\"nofollow\" ><em>www.marriott.com<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last month, the University of Dayton announced that, together with Raleigh, N.C.-based Concord Hospitality, it has acquired the Dayton Marriott Hotel at the western gateway of its campus. The purchase price was $18.5 million. UD and Concord will jointly own the property.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21742],"tags":[],"class_list":["post-1004111521","post","type-post","status-publish","format-standard","hentry","category-cincinnati","category-latest"],"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>UD, Concord Hospitality Buy Dayton Marriott - 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\/ud-concord-hospitality-buy-dayton-marriott\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UD, Concord Hospitality Buy Dayton Marriott\" \/>\n<meta property=\"og:description\" content=\"Last month, the University of Dayton announced that, together with Raleigh, N.C.-based Concord Hospitality, it has acquired the Dayton Marriott Hotel at the western gateway of its campus. The purchase price was $18.5 million. 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