Developer to build second hotel at Settlers Ridge
By Sam Spatter
Published: Thursday, Nov. 15, 2012, 12:01 a.m.
Strong business at its 132-room Marriott Courtyard at Settlers Ridge in Robinson prompted developer Concord Hospitality Enterprises to plan to build a second hotel next door.
Construction is scheduled to begin in spring on a 109-room Hampton Inn and Suites, said Keith McGraw, a partner with Mark Laport in Concord Hospitality, a national hotel developer-operator based in Raleigh-Durham, N.C.
"Our occupancy has been good there, and we believe another hotel will compliment the Marriott," said McGraw, owner of Sierra Associates in Sewickley.
It's not the only hotel Concord Hospitality is developing in the region.
The developer and Walnut Capital Partners of Shadyside will convert an empty building at 1400 Smallman St. in the Strip District into a hotel, for which McGraw is seeking an operator.
Gregg Perelman, managing partner at Walnut Capital, said he expects a decision on the hotel brand in about a month.
"This will be a limited-service hotel," he said, but declined to disclose the number of rooms. The conversion to a hotel could start after the first of the year, he said.
A Lidia's Restaurant at the site will continue to operate separately, McGraw said.
Concord and Walnut Capital built the 110-room Marriott Springhill Suites at Bakery Square.
McGraw's company is working with Oxford Development Co. to develop a Hyatt Place hotel at the SouthSide Works. That 136-room facility could open in summer.
Concord also proposed a hotel at the former Don Allen showroom site in Bloomfield.
The developer recently completed a 124-room Marriott Courtyard in Tanger Outlets in Washington County.
Concord Hospitality also is involved in two new hotels in Florida.
In the Spring of 2013, plans are to begin construction on a 132-room Marriott Courtyard on the headquarters site of the Darden Group in Orlando. In summer 2013, a 130-room Hyatt Place hotel will be under construction at the Miami International Airport in Miami, McGraw said.
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