Developer Profile: CREC

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Hospitality

Hospitality – the business of making others feel welcome – would seem to be a category of business that promises a pleasant adventure.  We’ve found this to be true though it’s surely thanks to partnering with strong leaders in the hospitality space.  

Continental’s hospitality portfolio includes two Hyatt Place Hotels, two Hampton Inn & Suites and a Springhill Suites by Marriott.  A sixth project is under construction in the Shadyside neighborhood of Pittsburgh strategically located near large university campuses. 

The industry leaders with whom we partner in our hospitality projects are Rockbridge Capital, Concord Hospitality, Lodgeworks and Hospitality Ventures.

As with all Continental projects, we execute extensive preliminary research and are able to identify and deliver prime locations when hotel partners are looking to expand.  Our life cycle with these projects mirrors all our endeavors:  we find a great opportunity in location and real estate value, confirm the market will bear or exceed return projections, develop, and assist in disposition when values reach appropriate performance levels.

Our ability to provide ground-up construction and renovation of existing hotel properties through our sister company, Continental Building Company, means we’re capable of turning opportunities into returns, regardless of the project scope.  

We have continued, active interest in hospitality projects and have the right mix of planners and partners to bring good projects to fruition and deliver returns.

The construction and development expertise from top to bottom at Continental has quickly made them one of our more valued partners. The communication and execution between our teams has been seamless and enabled us to deliver higher quality projects with stronger returns. Our teams success is not only driven by our collective talent but also driven by a strong partnership of collaboration and a winners attitude. We look forward to what is sure to be a long standing relationship with Continental.
James T. Merkel, Principal,
Rockbridge Capital