{"id":1004111738,"date":"2015-01-22T14:29:32","date_gmt":"2015-01-22T22:29:32","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=320198"},"modified":"2020-04-06T06:48:42","modified_gmt":"2020-04-06T14:48:42","slug":"concord-hospitality-kane-realty-partner-to-create-north-carolinas-first-ac-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/concord-hospitality-kane-realty-partner-to-create-north-carolinas-first-ac-hotel\/","title":{"rendered":"Concord Hospitality, Kane Realty Partner to Create North Carolina\u2019s First AC Hotel"},"content":{"rendered":"

by Adriana Pop, Associate Editor <\/em><\/p>\n

\"\"<\/a>Local developers Concord Hospitality Enterprises and Kane Realty Corp. have partnered once again, with plans to build and operate the state\u2019s first AC Hotel. Scheduled for completion in 2016, the new 133-key property will be located in Raleigh’s North Hills section, near the LEED Gold-certified CAPTRUST Tower.<\/p>\n

According to the Triangle Business Journal<\/a><\/em>, the AC Hotels brand is similar to Starwood Hotels’ Aloft brand. It offers a staffed lounge, but no room service and focuses on contemporary design, style and technology. AC Hotels was founded in 1998 and has nearly 100 hotels located mostly in Europe. In 2011, the chain formed a joint venture with Marriott International, with the purpose of further expanding abroad. So far, the only AC Hotel property in operation in the United State is located in New Orleans. Within the next three years however, more than 30 such new hotels are set to open throughout the U.S. and Latin America.<\/p>\n

Concord and Kane have developed two other lodging facilities in Raleigh \u2013 the 223-room, full-service Renaissance Hotel that opened at North Hills in 2008 and the 137-room Hyatt House extended-stay property that opened in 2013.<\/p>\n

\u201cIt 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.\u201d<\/p>\n

Kane Realty\u2019s other projects in the area include the new North Hills Tower Two office building<\/a> <\/em>currently under construction at the corner of Six Forks and Dartmouth roads and an apartment project<\/a><\/em> planned next to the upcoming AC Hotel.<\/p>\n

Photo credits: Concord Hospitality<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Local developers Concord Hospitality Enterprises and Kane Realty Corporation have partnered once again, this time with plans to build and operate the state’s first AC Hotel. Scheduled for completion in 2016, the new 133-key property will be located in Raleigh’s North Hills section, near the LEED Gold-certified CAPTRUST Tower.<\/p>\n","protected":false},"author":260,"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":[21742,1604],"tags":[],"class_list":["post-1004111738","post","type-post","status-publish","format-standard","hentry","category-latest","category-raleigh-durham"],"acf":[],"yoast_head":"\nConcord Hospitality, Kane Realty Partner to Create North Carolina\u2019s First AC Hotel - 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-kane-realty-partner-to-create-north-carolinas-first-ac-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Concord Hospitality, Kane Realty Partner to Create North Carolina\u2019s First AC Hotel\" \/>\n<meta property=\"og:description\" content=\"Local developers Concord Hospitality Enterprises and Kane Realty Corporation have partnered once again, this time with plans to build and operate the state’s first AC Hotel. 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