2015ArticlesAC Hotel

Concord and Kane to Develop N.C.’s first AC Hotel

Originally published in Lodging Magazine on January 15, 2015

RALEIGH, N.C.—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 mixed-use district that includes boutiques, department stores, dining establishments, and entertainment.
AC Hotel Raleigh is one of more than 30 AC 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.”

Lodging Staff, Lodging Magazine