Hotel and development company Concord Hospitality received investments into its operating company from Whitman Peterson and The Aztec Group, two of Concord’s long-term real estate partners. These stakeholders will continue to play integral roles in Concord's success.
“Concord Hospitality has had the good fortune of partnering with both Whitman Peterson and The Aztec Group for many years," Concord Hospitality CEO and President Mark Laport said in a statement. "Over the course of our longstanding relationships, both partners have been instrumental in molding Concord’s strategic direction. It is with great excitement that we announce a continuation of these synchronized partnerships, which have already contributed to our successful track record and our continued growth as a renowned management company and leading developer.”
The deepened strategic alliance with both Whitman Peterson and The Aztec Group will further enrich Concord’s capabilities and knowledge of the industry, opening the door to further opportunities for continued success.
“After many years of being strategic and programmatic partners on the real estate side, we are thrilled to further deepen our relationship with Concord through this operating company investment," said Wes Whitman, Whitman Peterson co-founder and co-managing partner. "In addition to loving the people, who are so capable, so culturally compatible and such great partners, we believe Concord is one of the most trusted, vertically integrated hospitality platforms in the industry and is well-positioned for significant continued growth and success in the coming years."
Concord Hospitality partners with major global hotel groups including Marriott, Hyatt, Hilton and Choice. Today, the company has a portfolio of more than 150 hotels in destinations across the United States and Canada.