Jersey City Mayor and Concord Hospitality Commence Construction on Hyatt House Hotel in Jersey City
"That Jersey City continues to attract the interest of prominent international brands, such as Hyatt, and well respected developers like Concord Hospitality who are willing to make substantial investments in our community is a testament to our location as a destination, the quality of our workforce, and our City's commitment to grow our tax base by attracting new business," said Mayor Fulop. "Concord Hospitality is taking great care to transform the state's oldest bank building into a new hotel, which speaks to their thoughtful and respectful approach to the projects they undertake. Today, with the signing of a support beam, Concord and Hyatt become part of the very foundation of Jersey City's thriving economic redevelopment."
"Thanks to the efforts of Mayor Fulop, the City Council and the Jersey City Economic Development Corporation, Jersey City has become a very attractive business alternative to Manhattan," said Mark Laport, president and CEO of Concord Hospitality. "We are eager to get started revitalizing this long-neglected site and turning it into an asset that will benefit the residents, as well as the business community."
According to Laport, the hotel could open as early as December 2015.
"Concord Hospitality is one of the lodging industry's most respected owners and developers, and we are delighted to expand our relationship with them to continue the growth of Hyatt's select service brands in North America," said B. Anthony Isaac, head of select strategy and development for Hyatt. "Through the support of Mayor Fulop, City Council and the Jersey City Economic Corporation, the revitalization of this city allows Hyatt to reinforce its commitment to Jersey City by joining Hyatt Regency Jersey City, which has been part of the community since 2002. The development of this hotel is an industry indicator of business and tourism growth, and as Jersey City continues to grow and thrive economically, we are excited to add to the momentum by introducing the first Hyatt House hotel to the city."
"This project falls right in our sweet spot," said Laport. "Historically, we have chosen opportunities where there are solid infrastructures and high concentrations of medical, educational, banking or technology concerns. The Hyatt House hotel in Jersey City will be built in the midst of a solid and growing financial center and served by a major transportation hub that puts nearly five million people annually at our doorstep. I have every confidence that the Hyatt House brand in this part of the city will be very well received."
Using public transportation, the hotel will be just 12-minutes from the World Trade Center and Newark's Penn Station, making it a prime overflow destination when Manhattan hotels are running at peak occupancy.
Daly Gray, Inc.
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 $1 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. Learn more at concordhotels.com.