Concord Hospitality

Concord Hospitality is a prominent hotel development, ownership, and management company established in 1985 by Mark G. Laport. Headquartered in Raleigh, North Carolina, USA, Concord Hospitality specializes in developing and managing full-service and select-service hotels across North America, serving the United States and Canada markets with excellence.

With a workforce of over 6,000 employees and an annual revenue of $1.6 billion in 2022, Concord Hospitality is recognized for blending the extensive resources of a large company with the attentive service of an independent operation. The company fosters strong partnerships with major hotel brands such as Marriott, Hilton, and Hyatt, affirming its position as a leading hospitality industry player.

When Was Concord Hospitality Established?

Founded: 1985
Founder: Mark G. Laport
Headquarters: Raleigh, North Carolina, USA
Industry: Hotel Development, Ownership, and Management
Employees: Over 6,000
Annual Revenue: $1.6 billion in 2022

Concord Hospitality Mission Statement

To be a Great Place to Work for ALL, emphasizing ALL because we know that when people feel safe and free to be authentic, they bring their best selves to work, which fuels innovation and optimal performance.

What Is Concord Hospitality Known For?

Concord Hospitality stands out in the hospitality sector for its expertise in developing and managing a diverse portfolio of hotels, combining high-touch service with the efficiencies of a large-scale operation.

Experienced Hotel Development and Management

The company offers a comprehensive suite of services including hotel development, ownership, management, and food & beverage operations. This integrated approach allows Concord Hospitality to deliver premium-branded properties with exceptional guest experiences.

Strong Brand Partnerships

Concord Hospitality maintains strong alliances with internationally renowned hotel brands such as Marriott, Hilton, and Hyatt. These partnerships enable the company to operate luxury lifestyle hotels that appeal to diverse market segments across North America.

Commitment to Sustainability

Concord is dedicated to environmentally responsible operations, ensuring all new hotel developments are LEED-certified. Their sustainable development projects contribute to approximately 24% of total energy savings, underlining a commitment to fostering a sustainable future.

How Many Locations Does Concord Hospitality Operate?

Concord Hospitality manages a growing portfolio of properties primarily located in the United States and Canada, with notable presence in cities including Miami-area markets such as Orlando, FL, as well as Hackensack, NJ; Pittsburgh, PA; New York City, NY; Conshohocken, PA; Houston, TX; and Raleigh, NC.

With these strategic locations, Concord Hospitality is positioned to capture a broad and diverse clientele across multiple metropolitan hubs.

Where Is Concord Hospitality Based?

Its corporate headquarters is located at 11410 Common Oaks Dr, Raleigh, NC 27614, United States, which serves as the operational center for the company’s extensive hotel portfolio across North America.

Who Owns Concord Hospitality?

Concord Hospitality operates as a partner-focused business model, collaborating with investors and third-party hotel owners to develop, own, and manage premium-branded properties. This model leverages both ownership and management expertise to deliver exceptional economic performance.

In 2022, Concord achieved $981 million in hotel revenues, an impressive 41.6% RevPAR growth compared to 2021, and exceeded budgeted portfolio revenue by 8.2%, reflecting its strong competitive positioning and operational efficiency.

Is Concord Hospitality Currently Hiring?

You can check out the open positions that Concord Hospitality has right here on OysterLink.