Concord Hospitality Named Hyatt Developer of the Year

Concord Hospitality Enterprises, one of the nation’s top-ranked hotel developer/owner/operators, was named Hyatt Hotels & Resorts’ Developer of the Year. The honor recognizes a company for its hotel development in strategic locations and construction quality and efficiency. Concord was one of only 10 companies honored at Hyatt’s global owner’s conference held in Orlando.

“We are privileged to have a strong network of owner relationships around the world,” said Mark Hoplamazian, Hyatt’s CEO. “Concord has proven to be a valued collaborator with a strong history of quality projects. We thank them for their contribution to our company and for their support for our brands, and we look forward to continuing to grow together with them in ways that create mutual value.”

Concord was singled out for both its current Hyatt projects, as well as hotels under development. As an owner, operator and developer of both Hyatt Place and Hyatt House hotels, Concord Hospitality currently manages Hyatt Place Grand Rapids-South, one of the first LEED-certified Hyatt Place hotels, in Wyoming, Mich. and Hyatt House Boulder/ Broomfield in Broomfield, Colo. Concord recently opened the Hyatt House in Pittsburgh and will open two more Hyatt House hotels in Raleigh, N.C., and Jersey City, N.J., as well as a Hyatt Place hotel in Miami.

“Hyatt works with some of the most respected hotel owners and developers in the world,” said Jim Chu, senior vice president, franchise and owner relations for Hyatt. “Concord’s demonstrated leadership in developing LEED-certified hotels puts them at the forefront of our industry. We look forward to continuing the momentum with Concord to strengthen our representation in the full service, select service and extended stay segments in North America.”

“Concord’s growth is enhanced by tremendous partnerships, like our affiliation with Hyatt,” said Mark Laport, Concord’s CEO. “It is particularly rewarding when one of the leading hospitality companies in the world recognizes one’s work in the same breath as some of the most respected developers in our industry.”

About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company’s subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and Hyatt HouseTM brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Residence ClubTM. As of December 31, 2012, the Company’s worldwide portfolio consisted of 500 properties in 46 countries. For more information, please visit www.hyatt.com.

About Concord Hospitality
Concord Hospitality Enterprises Company, an award-winning hotel management and development company based in Raleigh, N.C., manages more than 90 hotels offering more than 12,600 guest rooms in 22 states and two Canadian provinces. The company operates hotels and resorts under such well-known industry elite brands as Marriott, Hilton, Hyatt, Starwood, InterContinental Hotels Group, and Choice Hotels, as well as select independent boutique hotels. Formed in 1985, Concord recently was listed as one of the top management companies in the nation by independent sources, and has received some of the industry’s most prestigious honors including Developer of the Year for Marriott, Hyatt and Choice Hotels. Concord also is an eight-time winner of Marriott’s Partnership Circle award and in 2013 was honored to be the recipient of Marriott’s inaugural Spirit to Preserve Award. Concord properties are some of the most awarded hotels in the country, having won nearly 100 top honors in the past two years alone. For more information, visit www.concordhotels.com.