Concord Hospitality Enterprises Company is a distinguished hotel development and management firm headquartered in Raleigh, North Carolina. Established in 1985 by President and CEO Mark G. Laport, the company has built a reputation for excellence in developing and managing premium-branded properties across the United States and Canada. With a portfolio exceeding 150 properties and a workforce of over 6,000 associates, Concord Hospitality emphasizes a relationship-first approach, underscored by its core values: delivering quality, living integrity, supporting community, growing profitability, and having fun.
The company's strategic focus encompasses hotel development, ownership, and management, with a commitment to sustainability and community engagement. Concord Hospitality collaborates with leading brands such as Marriott, Hilton, Hyatt, Choice Hotels, and InterContinental Hotels Group, managing a diverse range of properties from full-service hotels to upscale select-service establishments. The firm also specializes in boutique and lifestyle hotels through its Opus Collection, which emphasizes unique guest experiences and community enrichment.
In October 2018, Alleghany Capital Corporation, a wholly-owned subsidiary of Alleghany Corporation, acquired a majority interest in Concord Hospitality. This strategic investment aimed to support Concord's growth initiatives and enhance its portfolio through ground-up developments and third-party partnerships.
Concord Hospitality's portfolio includes over 150 properties, with a robust pipeline of more than 30 developments. The company has been recognized for its commitment to sustainability, with many new hotel developments being LEED-certified, reflecting a balance between environmental responsibility and business efficiency.
The company's leadership team is spearheaded by Mark G. Laport, who brings a wealth of experience in hotel development and management. Under his guidance, Concord Hospitality has achieved significant growth and industry recognition. The executive team comprises seasoned professionals dedicated to upholding the company's values and driving its strategic objectives.
Concord Hospitality operates in a competitive landscape alongside firms such as Remington Hotels, Prism Hotels & Resorts, and Crestline Hotels & Resorts. The hospitality industry is characterized by a focus on guest experience, operational efficiency, and strategic partnerships with major hotel brands. Concord's emphasis on quality, integrity, and community engagement positions it favorably within this dynamic market.
The company has established significant collaborations with major hotel brands, including Marriott International, Hilton Hotels Corporation, Hyatt Hotels Corporation, Choice Hotels International, and InterContinental Hotels Group. These partnerships enable Concord Hospitality to offer a diverse range of properties and cater to various market segments.
Concord Hospitality's strategic roadmap includes expanding its portfolio through new developments and acquisitions, enhancing sustainability initiatives, and fostering community engagement. The company's commitment to quality and integrity, coupled with its strong brand partnerships, positions it well for future growth and success in the hospitality industry.
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