News for the Hospitality Executive
Two Marriott Branded Properties in the Dallas Area
RALEIGH-DURHAM, N.C. – August 11, 2008 – Jackson-Shaw, a national real estate development and investment firm, today announced that it has awarded management contracts to operate two Marriott properties in the Dallas area to Concord Hospitality Enterprises, one of the nation’s top-ranked hotel developer/owner/operators. Concord also will provide pre-opening services for the hotels.
The two properties, a 102-room Residence Inn and 104-room Fairfield Inn & Suites, will anchor The Cascades at The Colony, Jackson-Shaw’s 100-acre, master-planned community in The Colony, Texas, a suburb of Dallas. The hotels are expected to open in the spring of 2009 and represent Jackson-Shaw’s continued commitment to expanding its hotel portfolio, with the planned development of another property in Dallas and one in Jacksonville, Florida.
“We went through an extensive process to choose a hotel management company that was aligned with our vision for the community, as well as with our values as a developer,” said Christopher Sheldon, vice president of hotel operations at Jackson-Shaw. “Concord has the expertise and experience to deliver the level of quality and excellence we expect for these properties, which are located along a major corridor in an emerging suburb.”
The addition of the two contracts increases Concord’s managed properties to half of the company’s total portfolio of more than 50 hotels, and moves the company towards its stated goal of doubling its portfolio size by 2010.
“Jackson-Shaw is one of the most respected real estate developers in
the country, and we look forward to partnering with them to extend their
track record of excellence,” said Grant Sabroff, senior vice president
of business development at Concord. “Concord intends to build on
its reputation for successfully positioning new hotels and providing excellence
in pre-opening services, in addition to working hand-in-hand with the owners
and Marriott to leverage our expertise in managing upper select-service
The Residence Inn, located at 6900 Cascades Court, will feature a 350 square-foot meeting room, a business library, exercise room, all-purpose sports center for basketball, tennis and volleyball, guest laundry facility, outdoor pool and whirlpool, complimentary in-room high-speed Internet access and surface parking for 107 cars.
The select-service PLUS, Marriott Fairfield Inn & Suites, located at 5909 Stone Creek Drive, will feature a 5,500 square-foot events center made up of a 3,500 square-foot ballroom and two 1,000 square-foot meeting rooms. Additionally, there will be a business library, exercise room, guest laundry facility, outdoor pool and whirlpool, complimentary in-room high-speed Internet access and a complimentary hot breakfast will be offered each morning. The property will include surface parking for 133 cars.
Jackson-Shaw has completed the first phase of The Cascades at The Colony, known as the Campus @ Cascades, comprising six buildings totaling over 200,000 square feet of flex space, as well as the project’s focal point, a two-acre park with cascading water feature. Upon completion of the entire development, The Cascades at The Colony will include 200,000 square feet of office space, 200,000 square feet of flex space and 100,000 square feet of retail space, in addition to the two hotel properties. In addition, KB Homes will develop 184 townhome units and 108 garden homes.
About Concord Hospitality
|Also See:||Jackson-Shaw Company Planning Four Hotels in 2007, Including a 276 room Renaissance Hotel in Plano, Texas / June 2007|
|Concord Hospitality To Break Ground On Nine Properties In Next 60 Days; Has Additional Nine Hotels and More than $500 Million in 2008 Pipeline / March 2008|