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Acquisitions & Hotel Openings

McKibbon Hospitality Celebrates the Opening of its AC Hotel Asheville Downtown

European-inspired concept is the second AC Hotel to open in the Carolinas

ASHEVILLE, N.C. August 21, 2017 – McKibbon Hospitality, an award-winning leader in the hotel development and management industry, today announced that the AC Hotel Asheville Downtown opened its doors in the heart of downtown Asheville at the corner of Broadway and College streets. The hotel sits atop a four-story parking deck with 336 spaces and public access and features 132 upscale guestrooms, an array of public spaces, and European-inspired décor.

The second AC Hotels by Marriott to open in the Carolinas and twenty-first in the U.S., the AC Hotel Asheville Downtown introduces a new lifestyle hotel concept to Western North Carolina. The project was developed by Chairman of McKibbon Hospitality, John McKibbon, who has been conducting business in Asheville for more than 20 years.

“The AC Hotel Asheville Downtown delivers an exciting new option for Asheville visitors to enjoy and simultaneously offers great amenities for locals, which include the hotel’s public spaces, art collection, and locally-inspired food and beverage offerings,” said John McKibbon. “The hotel strongly aligns with McKibbon Hospitality’s approach to modern hospitality, combining the leading brand elements of AC Hotels with amenities that celebrate the talented culinary and arts communities that make Asheville such an extraordinary destination and place to live.”

“We are pleased to bring this unique concept to Asheville and are confident the hotel will serve as a downtown centerpiece for years to come,” said Michael Hickerson, general manager. “Our team looks forward to welcoming visitors and locals to experience the exciting amenities the AC Hotel Asheville Downtown has to offer.”

To learn more about McKibbon Hospitality, visit www.mckibbon.com. Visit here for more information about the AC Hotel Asheville Downtown.

About McKibbon Hospitality

Headquartered in Tampa, FL and Gainesville, Ga., McKibbon Hospitality creates memorable hospitality experiences that inspire brand and property loyalty. It’s how we’ve grown into one of the largest (and most awarded) hotel development and management companies in the country. We build, renovate and manage properties across the country for Marriott, Hilton, Starwood and other iconic hospitality brands. From hand-picking urban sites to imagining the just-for-you details of a guest experience, from overseeing operations to bringing a brand to life, and everything in between, McKibbon shapes inclusive hospitality development. Visit McKibbon.com to learn more.

About AC Hotels by Marriott

AC Hotels by Marriott, a lifestyle brand that celebrates a new modern aesthetic complemented by a European soul and Spanish roots boasts more than 90 design-led hotels in Spain, Italy, Portugal, Denmark, Turkey, France, Mexico and the United States. Design-driven AC Hotels edit away the unnecessary to remove friction, providing thoughtfully designed moments of beauty, allowing guests to focus on what’s important to them. Property highlights include design-savvy guest rooms with sleek furnishings and intuitive technology features. For more information, visit ac-hotels.com.

About Marriott International Luxury + Lifestyle Brands

Marriott International’s luxury and lifestyle brand portfolio includes The Ritz-Carlton Hotel Company, EDITION Hotels, BVLGARI Hotels & Resorts, JW Marriott Hotels & Resorts, Autograph Collection, Renaissance Hotels, AC Hotels and Moxy Hotels – totaling over 550 properties worldwide. By the end of 2016, we expect that the portfolio will grow to 650 hotels with new locations in Geneva, Switzerland; Paris, France; Santiago; and Sanya, China. Marriott’s Luxury and Lifestyle portfolio also accounts for approximately 28 percent of Marriott’s system-wide development pipeline. Future plans call for more than 250 additional luxury and lifestyle hotel projects over the next several years. Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,400 properties in 87 countries and territories. Marriott International reported revenues of more than $14 billion in fiscal year 2015. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Contact:
Eliza Bostian
McKibbon
elizab@hughes-agency.com
(864) 271-0718

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.