| Business

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Developer to build second hotel at Settlers Ridge

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Sam Spatter
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.

Subscribe today! Click here for our subscription offers.



Show commenting policy

Most-Read Business Headlines

  1. Education tech firm Acrobatiq does software to supplement college learning
  2. Budweiser brewer AB InBev wants to take over SABMiller for $108.2B
  3. Class action lawsuit in California seeks Volkswagen buyback
  4. Tesla investors leery as shares, targets plummet
  5. Kombucha producers resist call to indicate alcohol content on labels
  6. Chesapeake Energy appoints Brad Martin chairman of the board
  7. As craft fades, personal touch helps Northway Shoes & Repair thrive
  8. Safety of credit cards up to banks
  9. Barclays said to plan to appoint Jes Staley as bank’s next CEO
  10. CMU showcases its lengthy list of fledgling companies at venture event
  11. Majority of House members sign petition calling for vote on Export-Import Bank’s charter