Concord Hospitality to Surpass 100

  

Mark Laport

 RALEIGH, NC — Concord Hospitality announced that the company is developing its most ambitious pipeline in its 30-year history.

 The company has 12 hotels under construction from south Florida to New York City and is providing third-party management services for another five that also are in active construction.

All 17 hotels will be managed by Concord upon opening. With the opening of these hotels, the company will surpass the century mark, 100 hotels under management, and open 12 hotels in as many months.   

            Concord's 17-hotel pipeline is among the most robust in the United States, and with 11 additional hotels in active development (sites under contract and franchises secured), Concord has surpassed most competitors in terms of total hotels in the funnel.

            "Having weathered a number of hotel cycles, we were confident coming out of 2009 that the near future would be positive, and we took a well calculated risk that this cycle would be a bit unique," said Mark Laport, president and CEO. 

"We were one of the few companies who developed continuously through the downturn, setting the stage for the most aggressive growth phase in our company's 30-year history."

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

Lauralee Dobbins, Chris Daly

(703) 435-6293