AC Hotel Gainesville Nears Completion

New Hotel Located Across from University of Florida Reaches
Construction Milestone

GAINESVILLE, Fla.–(BUSINESS WIRE)–Concord Hospitality, operator of the AC Hotel by Marriott Gainesville,
today announced that the project has reached a major construction
milestone. Roughly twelve months after construction began, hotel
development has reached the 10th floor, with a grand opening scheduled
for fall 2017.

“AC by Marriott Gainesville’s proximity to the University of Florida,
refined design and emphasis on technology will appeal to both business
travelers and visitors of the university,” said Grant Sabroff, SVP of
Business Development at Concord. “The AC Lounge will feature a
locally-inspired food and beverage experience that will encourage
daytime networking and nighttime relaxation for guests and locals alike.”

The 144-room AC Hotel, located at the main crossroad through
Gainesville, bounded by W. University Ave., NW 3rd Ave., NW 13th St. and
NW 14th St., is directly across from the University of Florida. The
hotel is an integral component of The Standard at Gainesville, a
mixed-use project that includes luxury student housing, structured and
on-site parking, and street-level retail including Chick-fil-A, Target
Express and other restaurants.

“Complete with high-quality accommodations provided by the AC Hotel, The
Standard at Gainesville mixed-use development will be an incredible
venue for students, locals and visitors,” said Andrew Young, EVP of
Development at Landmark Properties. “We’re excited to work alongside
Concord in creating an even more vibrant mixed-use community in downtown
Gainesville.”

The ten-story hotel will have similar features and upscale, European
feel as other properties under the AC flag. Amenities will include the
AC lounge, AC Library and AC breakfast, featuring a European-inspired
breakfast with artisan meats, cheeses, other healthy items and juices.
There will be a roof top amenity with a state-of-the-art fitness center;
outdoor pool and deck; three meeting rooms for business and social
events; and a business center.

Download hi-res renderings here: https://we.tl/vJjl63xwVp

About Concord Hospitality Enterprises Company

As an award-winning hotel development, ownership and management company,
Concord Hospitality Enterprises Company has spent the last three decades
partnering with owners and its investors on more than $2.5 billion in
premium branded properties across the United States and Canada. As an
operator, both for third party owners and partners, Concord Hospitality
instills value from the ground up, developing and managing with a
sustainable viewpoint, a focus on quality and a hands-on involvement to
ensure long-term profitability.

About Landmark Properties

Based in Athens, Ga., Landmark Properties is a fully integrated real
estate firm specializing in the investment, development, construction
and management of high-quality student housing communities across the
country. With more than$1 billion of student housing under construction
and more than $2 billion in additional pipeline projects, Landmark has
been ranked the top developer of student housing in the nation for
multiple years. From pioneering “The Retreat” student cottage concept to
creating and defining the market for luxury infill housing with its
“Standard” brand, Landmark has been at the forefront of the student
housing industry since its inception more than 10 years ago. With a deep
understanding of its markets, a commitment to quality and a strong track
record of success, Landmark is responsible for some of the premier
student housing communities in the nation.

Contacts

Concord Hospitality
Alex Ellis, 919-277-1188
[email protected]