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| 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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