Concord Hospitality Ranks Among Top 20 Management Companies in Industry Survey

RALEIGH-DURHAM, NC—Concord Hospitality Enterprises, one of the nation’s top-ranked hotel developer/owner/operators, today announced that it now ranks among the industry’s top 20 third-party management companies, according to the latest survey conducted by Hotel & Motel Management.

In a space of 12 months, the company moved up in the rankings from 40th in 2008 to 17th in 2009 of 104 U.S. management companies listed. Concord currently owns and/or operates a total of 70 hotels, eight of which are in the greater Pittsburgh area, with two more under construction and several in the pipeline.

“We more than doubled the size of our portfolio of owned and managed hotels during the past five years, our fastest rate of growth in our 24-year history,” said Mark G. Laport (top right photo) , president and CEO of Concord.

“A significant part of that growth occurred in the Pittsburgh area, where we are about to open our ninth hotel—a 110-room SpringHill Suites in Bakery Square.” (lower left photo)

The adaptive reuse and new construction project in downtown Pittsburgh is part of a mixed-use development being built in a former Nabisco cookie plant.

Contact: Chris Daly, Senior Vice President, Daly Gray Public Relations, ph: 703-435-6293, Follow us on Twitter: http://twitter.com/dalygray