cpexecutive.com 23 Dec, 2016
Concord Hospitality Enterprises Co. recently announced its intention to begin the construction of a new hotel in early 2017. A major branded flag will be announced next year. Live Oak Bank of Wilmington, N.C., will finance the project. The new building is slated to open in spring 2018. The developers plan to include more than 100 guest rooms in the new 97,000-square-foot hotel that will spread over three floors. Centered in an ‘L’ shape around the existing pool on the property, the yet-to-be-named hotel is part of a larger project that includes a 100,000-square-foot convention center, on-site bistro with additional meeting space, suites and cottages.