Concord Hospitality Awarded Top Hyatt Honor

Two New Hyatt Place Hotels in the Pipeline for 2012

RALEIGH, N.C., May 7 2012—Concord Hospitality Enterprises, one of the nation’s topranked hotel developer/owner/operators, announced that the company earned Hyatt’s inaugural Operating Excellence Award. The award was presented at Hyatt’s biennial owners conference held recently in Carlsbad, Calif.

Concord currently operates Hyatt Place Grand Rapids-South, one of the first LEEDcertified Hyatt Place hotels, and HYATT House Boulder/ Broomfield, Colo. Concord also has under development HYATT House hotels in its hometown of Raleigh, N.C., and Pittsburgh
SouthSide Works.

“In just two years, Concord has proven not only to be an outstanding operator, but has also been fully-engaged in enhancing the Hyatt brands,” said Jim Chu, Hyatt senior vice president of franchisee and owner relations. “Nick Kellock and the Concord team have  provided tremendous insights as a member of our owners advisory council, had an outstanding ramp up with a new hotel in Broomfield and executed a quick and successful course correction in Grand Rapids. We couldn’t ask for a more responsive, results-oriented operator.”

“Hyatt figures prominently in our strategy to diversify the brands in our growing portfolio,” said Mark Laport, Concord president and CEO. “We have set out to build strong relationships with carefully- chosen, high-value brands. This award and the two new properties
under development are examples of our commitment to carry out that strategy.”

About Hyatt Place
Inspired by multitasking travelers’ 24/7 lifestyle, Hyatt Place hotels feature complimentary Wi-Fi and remote printing, a 24-hour  StayFit@Hyatt fitness center, a coffee and wine bar serving specialty coffees and premium wine, beer, and spirits, complimentary a.m.
Kitchen Skillet™, featuring freshly prepared breakfast sandwiches and a Grab ‘n Go case stocked with sandwiches and salads. Guest Kitchens offer lunch and dinner entrées 24/7. Specially trained Gallery Hosts offer assistance with everything from directions to check-in to a freshly made meal. Spacious guestrooms are designed to help guests perfectly blend their lifestyle of work and play, featuring the Hyatt Grand bed™, Cozy Corner sofa sleeper, work center, 42 inch HDTV’s and the Hyatt Plug Panel media center.

About HYATT House
HYATT House hotels are upscale all-suite, residential-style hotels offering travelers spacious studios, one and two-bedroom Kitchen Suites or Traditional Guestrooms ideal for any length of stay. Kitchen Suites feature a fully equipped kitchen; spacious living room with flatpanel TV; and bedroom with a comfortable bed with ultra-plush pillows. HYATT House features a 24/7 guest market, 24-hour Workout Room, complimentary hot breakfast buffet, evening socials or H BAR happy hours, and even laundry facilities – all of which contribute to allowing guests to keep their real-life routines rolling while on the road. HYATT House was recently named one of the 10 Best Hotel Chains for Families by Parents Magazine. Chosen amongst more than 70 hotels chains, HYATT House was recognized for its convenient, functional, and family-friendly amenities, with separate parent and child sleeping areas topping the list.