Concord Hospitality has received investments into its operating company from Whitman Peterson and The Aztec Group, two of Concord’s long-term real-estate partners.
“Concord Hospitality has had the good fortune of partnering with both Whitman Peterson and The Aztec Group for many years,” said Mark Laport, CEO/president, Concord Hospitality. “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.”
Commenting on the investment, Wes Whitman, cofounder/comanaging partner, Whitman Peterson, 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, partner, The Aztec Group, added, “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.”