UD, Concord Hospitality Buy Dayton Marriott

Last month, the University of Dayton announced that, together with Raleigh, N.C.-based Concord Hospitality, it has acquired the Dayton Marriott Hotel at the western gateway of its campus. The purchase price was $18.5 million. UD and Concord will jointly own the property.

Last month, the University of Dayton announced that, together with Raleigh, N.C.-based Concord Hospitality, it has acquired the Dayton Marriott Hotel at the western gateway of its campus. The purchase price was $18.5 million. UD and Concord will jointly own the property.

The hotel sits on 9.8 acres of riverfront land, on South Patterson Boulevard, in the middle of the university’s expanded campus. It was constructed in 1982 and, according to UD, it was last renovated in 2008. Over the years, it hosted thousands of families, alumni, athletic teams and academic conference participants.

The Dayton Marriott offers 399 guest rooms, including nine suites, 13,600 square feet of meeting space, a full-service restaurant and bar, a health club and indoor/outdoor pool. Although they did not reveal how much they plan to invest, UD and Concord said that they will completely renovate the rooms and baths, upgrade the ballroom, meeting rooms and fitness center, and reconfigure of the existing lobby and restaurant space into a Marriott great room with flexible space for business, recreation and social activities.

The hotel will remain a full-service Marriott. Concord will operate it and oversee its renovation.

Tom Burkhardt, UD’s vice president for finance and administrative services, said that having a first-class, full-service hotel will complement the development of the University’s campus master plan. It includes the multi-million dollar GE Aviation EPISCenter and the Emerson Innovation Center projects.

Photo credit: www.marriott.com