RALEIGH, NC—Locally-based hotelier ConcordHospitality reports it currently has the most ambitiousdevelopment pipeline in its 30-year history.
Concord has 12 hotels under construction from south Florida toNew York City. In addition, the firm is providing third-partymanagement services for another five hotels that are underconstruction. All 17 hotels in the pipeline will be managed byConcord upon their respective openings. The firm also has 11additional hotels in active development that involve sites that areunder contract or franchise agreements secured.
With the opening of the hotels in the current pipeline, thecompany will surpass 100 hotels under management and will open 12hotels in as many months.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
