The long-time leader of the owner-operator based in Raleigh, North Carolina, talked about the challenges of the previous year and where they are looking for growth in 2025.
LOS ANGELES -- Mark Laport talks about how some of the challenges of 2024 will continue 2025 and where Concord Hospitality will focus to drive its bottom line. He said 2025 will be a better year for buying opportunities as lenders return to the market. He said Concord is chasing a portfolio of hotels and will build more ground-up properties even while building continues to be challenged.