Concord Hospitality Celebrates 25th Anniversary with Record Growth in 2010, Adds 18 Hotels

Wins Marriott’s Prestigious Partnership Circle Award for Record-Setting Eighth Year.

RALEIGH/DURHAM, N.C., March 30, 2011—Concord Hospitality Enterprises, one of the nation’s top-ranked hotel developer/owner/operators, today announced that it celebrated its 25th anniversary with the addition of a record 18 hotels to its portfolio in 2010 and generated more than $287 million in revenues. The company opened three new hotels, including the pioneer prototype for the first LEED-Designated Courtyard by Marriott, broke ground on two properties, and added 13 new third-party management contracts. Concord’s portfolio has grown by nearly 40 percent since the recession that hit in the fall of 2008. The company also added
new brands to its portfolio, including Hyatt Place, Hyatt Summerfield Suites, Crowne Plaza and Holiday Inn.

Hotel Interactive by Caryn Eve Murray When Concord Hospitality broke ground last year on Courtyard by Marriott Settlers Ridge in Pittsburgh, the Raleigh, N.C., company wasn’t just pouring the foundation for LEED-certified, green building with a Silver design rating. Concord was also setting a foundation for its own major corporate shift – one that signaled …