Choice Hotels Signs with Concord Hospitality and Robert Finvarb Companies to Develop New Cambria hotel & suites in Durham, NC
January 7, 2016 1:17pm
ROCKVILLE, Md., Jan. 7, 2016 -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, announced it has signed an agreement with Concord Hospitality and the Robert Finvarb Companies to develop a new Cambria hotel & suites in Durham, NC. The 146-room Cambria property will be located at 2306 Elba Street, and is expected to launch in fourth quarter 2016.
"Durham has escalated the revitalization of its downtown area in recent years, and we're excited to bring the fresh and upscale hotel offerings of Cambria hotels & suites to a city that is quickly growing with business and leisure travelers," said Michael Murphy, senior vice president, Upscale Brands, Choice Hotels International.
The Cambria Durham will be within walking distance to Duke University Hospital, one of the city's biggest employers. Additionally, it will offer guests excellent access to downtown Durham, the historic and geographic soul of the vibrant and artistic southern city that serves as home to several landmarks on the National Register of Historic Places. In addition, the city boasts a flourishing food and arts scene, hosting dozens of events throughout the year.
"We're thrilled to once again be partnering with Choice Hotels after our successful Cambria hotels & suites openings in New York City and Washington D.C.," said Mark Laport, chief executive officer and president of Concord Hospitality. "The Cambria Durham will embody the unique look and feel of the city and we look forward to bringing this memorable experience to our guests."
Designed as a business travel and leisure brand, all Cambria hotels & suites properties feature a larger lobby to give guests a more social atmosphere; oversized rooms with flexible spaces; and the latest technology that allows guests to stay connected while they travel.
"At Robert Finvarb Companies, we've sought to consistently develop high-quality properties that are able to thrive in their respective markets, and the backbone of the Cambria hotels & suites brand will allow us to deliver once again in the Durham area," said Robert Finvarb, owner. "We currently boast over 2,000 rooms in our hotels across the United States with an additional 600 rooms currently in development, and we look forward to adding more than 140 rooms for business and leisure travelers visiting North Carolina."
As with all Cambria hotels & suites, the Durham property will feature other fine amenities such as a contemporary bistro, Social Circle™, serving a menu comprised of local specialties created by Chef Michael DeMaria; liquor, wine, beer and freshly prepared grab-and-go gourmet salads and sandwiches; and a barista bar. This property will also boast 600 square feet of meeting space and a fitness center.
Tags: choice hotels international,
cambria hotel & suites,
robert finvarb companies,
Cambria hotels & suites makes business travel easier—and more fun—than ever before. Offering modern decor, rooms that feel like an upgrade, and fresh, local cuisine at our Social Circle™ restaurant, Cambria makes every guest feel like a VIP. There are currently 25 properties open across the country and 30 under development in the U.S. and Canada . To learn more, visit www.cambriahotelsandsuites.com.
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 $1 billion in 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. Learn more at concordhotels.com.
Robert Finvarb Companies (RFC) is a private real estate investment and development company based in Miami, Florida. Robert Finvarb, founder of the company, started his development career in 2002. Since then, RFC has developed fourteen hotels containing approximately 2400 guestrooms that operate under various Marriott and Hyatt brands and are located in six states and the District of Columbia.
Currently, RFC is developing three mixed-use projects that contain both hotel and retail components in New York City and South Florida. RFC has a reputation for developing high-quality, institutional grade assets and possesses a track record of success in all market cycles. As a private company, the principals invest their own equity in all projects and are personally involved in all phases of the project. In addition to developing its projects from the land acquisition stage to their opening, Learn more at www.robertfinvarbcompanies.com.
Choice Hotels International, Inc. (NYSE: CHH) is one of the world's largest lodging companies. With more than 6,300 hotels franchised in more than 35 countries and territories, Choice Hotels International® represents more than 500,000 rooms around the globe. As of September 30, 2015 , 638 hotels were in our development pipeline. Our company's Ascend Hotel Collection®, Cambria® hotels & suites, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge® and Rodeway Inn® brands provide a spectrum of lodging choices to meet guests' needs. With more than 24 million members and counting, check out our Choice Privileges® rewards program to see how you can reap the benefits of being a member of the Choice Hotels® family. Visit us at www.choicehotels.com for more information.
Contact: Scott Carman
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