Tuesday, January 29, 2013

Concord Hospitality Enterprises Expands Growth Strategy for 2013


  
Mark Laport
 RALEIGH, NC  (Jan. 29, 2013) - - Concord Hospitality Enterprises, one of the top-ranked hotel developer/owner/operators in North America, today announced that it has stepped up its growth strategy for 2013 to include opportunistic acquisitions/divestments and third-party management in addition to continuing its aggressive development program.

In 2012, the company committed more than $500 million to new development, and opened two hotels, while breaking ground on an additional six.  For 2013, Concord expects to triple that performance by opening six hotels and breaking ground on ten.  Looking ahead to 2014, Concord expects to open 12 newly developed hotels.  

“We have a very aggressive pipeline of 17 LEED-designed hotels, that include two Cambria Suites projects in New York, and one in Washington DC,” said Mark Laport, president and CEO.  “We also are very active in numerous secondary U.S. markets and Canada and will expand our presence in Cleveland and Pittsburgh.”

Openings in the near future include a 153-room Courtyard by Marriott in Cleveland, Ohio, a 136-room Hyatt House in Pittsburgh, Pa., and a 137-room Hyatt House near Concord’s Raleigh, N.C. headquarters.

For a complete copy of the company’s news release, please contact:

  Chris Daly, Lauralee Dobbins
(703) 435-6293

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