Concord Hospitality adds 100th property to its portfolio

The Renaissance Columbus (Ohio) Westerville-Polaris Hotel. Photo credit: Marriott International

With the recent opening of the Renaissance Columbus (Ohio) Westerville-Polaris Hotel, Concord Hospitality officially welcomed the 100th property to its portfolio. The hotel development, ownership and management company spent the last 33 years partnering with owners and investors on more than $2.5 billion developing properties across North America.

The opening of Concord Hospitality’s 100th property illustrates the company’s continued commitment to expanding its portfolio and increasing its footprint across the United States and Canada. In the second half of 2018 alone, Concord Hospitality plans to open seven new properties, with 13 additional openings already planned throughout 2019 and 2020.

“Our aggressive growth strategy has created a great deal of excitement, both internally and externally,” Mark Laport, president and CEO of Concord Hospitality, said in a statement. “While we celebrate this milestone and look to the future, we also pause and offer our gratitude to the associates, brand partners, investors, third-party owners and service providers that have supported us and contributed to our growth and success.”

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In April 2018, the company opened its first warehouse-built stacked hotel with the AC Hotel Louisville (Ky.) Downtown, and in May 2018 it opened the Hyatt Centric Brickell Miami, which is located in the new 83-story Panorama Tower – the tallest building in Miami. The Hyatt House Jersey City (N.J.), which opened in November 2017, is an adaptive reuse of a 97-year-old bank building.

“Working closely with our brand and investment partners, Concord Hospitality is planning to emphasize and expand our management of soft branded and lifestyle hotels, as well as incorporate unique food and beverage concepts in our newest additions,” Grant Sabroff, SVP of business development at Concord Hospitality, said in a statement. “With a robust pipeline of management, ownership and development opportunities, we look forward to bringing our knowledge and expertise to each of our respective projects in the near future.”