Concord reveals North America renovation plans

13th October 2011 (Last Updated October 13th, 2011 18:30)

US-based hotel management and development company Concord Hospitality will invest $18.5m this year in hotel renovations in Canada and four US states.

US-based hotel management and development company Concord Hospitality will invest $18.5m this year in hotel renovations in Canada and four US states.

Concord president Mark Laport said for the full-year 2011, the company will have undertaken renovation projects at 19 of its hotels.

By the end of the year the company will have updated, upgraded or refreshed more than 25% of its hotel portfolio and plans an additional $7m in renovations for the first quarter of 2012.

Concord manages or is developing more than 80 hotels, which have over 10,000 guestrooms in 22 US states and two Canadian provinces.