Concord Hospitality Welcomes New Strategic Investors

Raleigh NC (January 8, 2023) – Today, Concord Hospitality, the award-winning hotel and development company, received investments into its operating company from Whitman Peterson and The Aztec Group, two of Concord’s long-term real-estate partners. These stakeholders will continue to play integral roles in Concord's ongoing success, further solidifying its solid foundation in the ever-evolving hospitality industry.  

“Concord Hospitality has had the good fortune of partnering with both Whitman Peterson and The Aztec Group for many years. Over the course of our longstanding relationships, both partners have been instrumental in molding Concord’s strategic direction. It is with great excitement that we announce a continuation of these synchronized partnerships which have already contributed to our successful track record, and our continued growth as a renowned management company and leading developer,” said Mark Laport, CEO & President, Concord Hospitality. 

Concord Hospitality is known for its expertise and excellence as an operator and developer, but it is the company’s commitment to the guest experience and operational excellence that its namesake is synonymous with. The deepened strategic alliance with both Whitman Peterson and The Aztec Group will only further enrich Concord’s capabilities and knowledge of the industry, opening the door to further opportunities for continued success. 

Commenting on the investment, Whitman Peterson Co-Founder and Co-Managing Partner, Wes Whitman, said, “After many years of being strategic and programmatic partners on the real estate side, we are thrilled to further deepen our relationship with Concord through this operating-company investment. In addition to loving the people, who are so capable, so culturally compatible, and such great partners – we believe Concord is one of the most trusted, vertically integrated hospitality platforms in the industry and is well positioned for significant continued growth and success in the coming years."

Ezra Katz, The Aztec Group partner, said "Our association with Concord has continually seen great success and as we embark on this new phase of our relationship, we look forward to leveraging our collective strengths to contribute to Concord's continued success." 

Concord Hospitality partners with major global hotel groups including Marriott, Hyatt, Hilton and Choice. Today, the company boasts a portfolio of over 150 hotels in destinations across the United States and Canada.

About Concord Hospitality

Concord Hospitality is an award-winning hotel development and management company that has grown over the past three decades to become the preferred partner of leading hotel brands such as Hilton, Marriott, and Hyatt. Concord Hospitality boasts a stellar reputation known for combining the experience of a big company with the high-touch service of an independent operation to every partner property. The company specializes in developing and managing full-service and select-service hotels across North America. As part of the company’s continued growth, it recently launched Opus Collection by Concord, a lifestyle hotel management division for full-service properties. With the brightest talent, the most innovative processes, and a commitment to giving back to the communities where team members live and work, Concord Hospitality is committed to being a great place to work for all. Learn more at concordhotels.com

About Whitman Peterson 

Whitman Peterson is a real estate private equity company investing in and actively managing opportunistic real estate investments of large institutional investors. Since late 2010, Whitman Peterson has raised five institutional funds and has invested in the acquisition or development of more than 200 properties, in transactions with an aggregate capitalization of more than $25 billion. The firm has investments across 30+ markets in the US and has investments in London. Whitman Peterson and Concord Hospitality have a long-standing, strategic partnership, involving the development and acquisitions of high-quality hotels across the country, as well as a broad-based, national development strategy in the economy extended stay (short-stay rental) segment. For more information, please visit www.whitmanpeterson.com. 

About Aztec Group

Aztec Group was established in 1981 to serve the real estate industry as a source of capital and transactional expertise for investors, developers, managers, and entrepreneurial clients.  Aztec has executed transactions spanning across the continental United States and various real estate product types including multifamily, retail, hospitality, office, industrial, self-storage, condominiums, for-sale residential, and land.  The Aztec team’s unique skillset and innovative approach are critical in the structuring and negotiation of the entire capital stack, ranging from equity to preferred equity to bridge, mezzanine and construction financing, as well as permanent loans.  For more information, visit www.aztecgroup.com.