Development
We don’t just develop hotels. We develop relationships.
Concord is recognized as one of the industry leaders in new hotel design and construction. Concord’s track record of on-time, on-budget, and on-strategy design and development of many unique and creative hotel projects has earned us numerous Developer of the Year and Best Hotel Opening awards.
It’s exciting and an honor to be asked to help design the new prototypes that will lead the brand’s new identity
Mark Laport
President and CEO, Concord Hospitality
Mixed Use Development
Concord looks at Mixed Use Development as one of the strongest market niches and gateways to immediate success in many of the country’s growing marketplaces. Concord has shown its diversity and commitment to community and partnership by developing some of the industry’s most successful hotels within the mixed use developments.
Asset Repositioning & Adaptive Reuse
Concord has embraced several historical adaptive reuse projects in cities such as Pittsburgh, Columbus and Jersey City. In addition we have a lengthy history of acquiring independent and branded hotel assets and rebranding and repositioning these hotels in the marketplace to achieve strong top and bottom line performance improvements.
Capital Investment
We’re fully invested in your business. Experience has taught us not just how to provide a quality product, but to replicate that level of quality on a grand scale. Through the years, the number of hotels we work with has grown, but we still hold ourselves to the same high standard. We take pride in affiliating with the best hotel brands in North America, and enhancing those relationships is our constant focus. That focus has lead to our strong track record of sustainable growth of developing and operating premium brand hotels. In fact, our portfolio has grown more than 25 percent annually for the past three years. With over a billion dollars in new projects in our active development pipeline, that number is projected to increase even more. Our reputation for outstanding returns on investment has resulted in institutional and private investors to seek out Concord for multiple project investment opportunities during all economic cycles.
Quality that pays.
Strong partnerships with the lodging industry’s leading brands have given Concord the opportunity to develop more than $2.5 billion dollars in projects, spanning virtually every hotel segment. Our development philosophy is characterized by ingenuity, resourcefulness and quality, and each project is managed as an equal partnership with owners and investors. We maximize each dollar invested in the property, which yields top-quality hotels that are leaders in their competitive set and generate the highest possible profit.
We build relationships, too.
Concord partners with its owners and investors to consistently deliver operational excellence and superior return on investment. We support our properties with a full range of services to achieve their goals, including proprietary systems, in-depth teams of specialists and, most importantly, a commitment to excellence in everything we do.
Procurement
Maximizing results. Minimizing costs. Concord has a strong reputation for working as liaison between owner and brand in every aspect of property development, from design to construction management and technical services. Our blend of experience, including several years of executing over $20 million in property rejuvenation, make Concord your first choice for maximum impact. And we do it all while meeting the brand expectations and staying within budget. Excellence in procurement through our dedicated buying group during the development phase is superseded by the same focus on best value throughout the term of operational management, aided by our affiliation with major national procurement platforms.
