Concord Hospitality Enterprises Company has started construction works on a new 133-room hotel in Beaufort, US.

The new three-storey property, which is a joint venture between Concord and Beaufort Hospitality Enterprises, will operate as part of Ascend Hotel Collection and is slated to open next year.

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It represents an expansion of the existing Front Street Village development and will also offer four waterfront suites overlooking Taylor’s Creek.

Concord Hospitality Enterprises Company president and CEO Mark Laport said: “With our headquarters in Raleigh, NC, this hotel is part of our extended hometown, an area in which we have operated for more than three decades.

“This marks our eighth property in the state, and we look forward to being good neighbours and active members of the community for years to come.”

Each hotel in the Ascend Collection caters to guests seeking an individualised travel experience.

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In all, 235 Ascend hotels are open or under development worldwide, while another 45 are set to open this year.

Beaufort Hospitality Enterprises cofounder Bucky Oliver said: “The construction of Beaufort Hotel and 34° North is a great step forward for the tourism and economic development on North Carolina’s Crystal Coast.

“With this new property comes 100 new jobs and additional revenue for the area.”

Beaufort Hospitality Enterprises also operates Front Street Village, which features a marina as well as event space and residential units.

Concord Hospitality will manage the property, while Live Oak Bank of Wilmington will finance the project.