NC State University announces $28 million hotel project


NC State University has announced plans for the development of a privately managed hotel and conference facility on Centennial Campus that will operate under the Marriott Autograph Collection franchise.

The new facility is expected to open with 155 rooms and 7,500 sq. ft. of meeting space with potential expansion of up to an additional 75 rooms and 7,500 sq. ft.  of meeting space, the university announced in a news release.

Opening is targeted for 2016, although final plans are still in development. The hotel will overlook Lake Raleigh and sit adjacent to the current Park Alumni Center, with conference facility space complementary to the center.

“This hotel is the latest exciting addition to Centennial Campus. Not only will it be a place of learning and collaboration but it will also serve as an important amenity for the campus,” said Chancellor Randy Woodson.

The university envisions using the hotel to attract regional, national and international conferences, particularly related to education, science and technology. The new facility will also serve as a resource to help enhance the development of industry, government and academic partnerships that foster the unique learning and living environment on Centennial Campus.

Operating under the Marriott Autograph Collection, a group of independently designed, high-personality boutique hotels, the university and the developers will have the flexibility to design a property that reflects the NC State spirit while leveraging the Marriott brand and reservation system.

The $28 million project will be privately funded and developed by NF II/CEI Raleigh, LLC, a partnership of Concord Eastridge Inc. and Noble Investment Group. NC State will lease the land to the developer, who will build, own and operate the facility.  BB&T will provide the debt funding for the project.

NC State’s Centennial Campus is renowned globally for its mix of academics, technology, research and partnerships in an amenity-rich environment. The campus is home to the university’s Colleges of Engineering, Education, Textiles and Veterinary Medicine, many interdisciplinary centers and institutes, more than 60 corporate, government and non-profit partners and 75 NC State research and academic units – along with thousands of students, faculty and staff. A magnet middle school, residential housing, 18-hole championship golf course, restored watersheds, recreational amenities and this hotel and conference center weave the 1,334-acre campus into a true community. Go to the Centennial Campus website for more information.