Company Profile

Concord Hospitality Enterprises Co. is a hotel developer and owner headquartered in Raleigh, North Carolina. Founded in 1985, the company also serves as a third-party manager on select projects within and beyond its own development portfolio.

Concord currently has at least 8 projects in active development totaling more than 1,100 rooms, spanning the upscale, midscale, and upper upscale segments. An additional 3 projects with approximately 350 rooms are in delivery, including the WoodSpring Suites Raleigh Triangle Town Center, currently under construction in the company's home market. Among the pipeline projects tracked by Lodging Development is the Extended Stay America Premier Suites Mesa Greenfield in Arizona and the Residence Inn San Antonio Pearl District in Texas. Across these efforts, the company is active in upscale and midscale development, with a meaningful upper upscale component as well.

Concord Hospitality's current portfolio includes at least 122 open properties encompassing more than 21,500 rooms. The upscale tier dominates the portfolio, accounting for at least 80 hotels and roughly 13,400 rooms. The company also holds at least 22 upper upscale properties with more than 5,600 rooms, along with smaller concentrations in the upper midscale, midscale, and economy segments.

The company's geographic reach extends across more than 25 states, with primary market concentrations in Pittsburgh, Pennsylvania and Raleigh, North Carolina.