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New hotel set to rise in Raleigh's North Hills

Kane Realty and Concord Hospitality Enterprises expect to break ground any day now on a new Hyatt hotel on the east side of Six Forks Road in Raleigh's North Hills.

A joint venture between the two companies paid $2.89 million for a 1.15-acre parcel in North Hills East last month.

Developer John Kane said today that the project has secured a construction loan and will begin soon. The project is expected to be completed sometime in the spring of 2013.

The new hotel will be a 137-room Hyatt House, the new extended-stay brand that is replacing the Hyatt Summerfield Suites brand.

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