Concord Hospitality Doubles Florida Portfolio With Addition of Three Tampa-Area Hotels
Contract Marks Operator’s Third Engagement with MIG Real Estate
Concord Hospitality Enterprises, one of the nation's top-ranked hotel developer/owner/operators, today announced that it has taken over management of a three-hotel portfolio in Tampa, Fla., recently acquired by MIG Real Estate, a leading owner of commercial real estate. The hotels include the 100-room Residence Inn Tampa Suncoast Parkway at North Pointe Village, the 99-room Courtyard Tampa Oldsmar and the 78-room Residence Inn Tampa Oldsmar.
"We are pleased to once again engage Concord to manage properties for us," said Greg Merage, CEO of MIG Real Estate. "Concord has proven itself to be an exceptional operator at our hotels in Phoenix and Edmonton, handling all aspects of the operations and improving performance. We look forward to furthering our relationship at these three Tampa properties."
Concord owns and/or operates more than 60 Marriott-branded hotels nationwide across the US and Canada.
"MIG has an eye for sourcing quality assets in desirable markets," said Mark Laport, CEO of Concord. "Tampa has year-round demand generators that make it a compelling market for us, and these hotels compete very effectively in their submarkets. We welcome the opportunity to expand our presence in the Tampa Bay area and appreciate MIG's recognition that we already are there."
Located at 2102 Northpointe Parkway in Lutz, Fla., The Residence Inn Tampa Suncoast Parkway is just minutes from Tampa, Clearwater and St. Petersburg, with easy access to area businesses, including Land O'Lakes and the Tampa International Airport. A designated Florida "Green Lodging Hotel," the Residence Inn Tampa Suncoast offers a 24-hour fitness center overlooking the patio, fire pit and heated pool, as well as a sports court and 2,600 square feet of meeting space.
The Courtyard Tampa Oldsmar is located at 4014 Tampa Rd. in Oldsmar, equidistant between the Tampa and Clearwater/St. Petersburg airports at the top of Tampa Bay. The hotel is close to Tampa Bay Downs, the Ed Radice Sports Complex, Raymond James Stadium, and many of the other attractions that bring vacationers to Tampa, including the Tampa and Clearwater beaches. The hotel makes exploration easy with a complimentary shuttle servicing a three mile radius.
The Residence Inn Tampa Oldsmar lies adjacent to the Courtyard Tampa Oldsmar at 4012 Tampa Rd. Guests appreciate the hotel's close proximity to Adventure Island Water Park, Busch Gardens and numerous golf courses. Consistent with the Residence Inn brand of hospitality, the hotel offers a complimentary, hot breakfast daily and regularly-scheduled managers receptions most evenings.
MIG Real Estate owns and operates a diverse portfolio of assets in Phoenix, Las Vegas, Denver, Seattle, Tampa, Hawaii, Edmonton, Jackson, WY, and in multiple markets in California and Texas. The company is currently engaged in an aggressive expansion strategy, seeking value added and opportunistic investment opportunities in select-service hotels, grocery-anchored shopping centers, office, industrial and multi-family properties. MIG Real Estate has acquired nearly 5 million square feet totaling more than $650 million of assets since April 2009. Additional information is available at http://www.migcap.com/RealEstate.
About Concord Hospitality Enterprises Company
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, in 2019 it 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 associates live and work, Concord Hospitality is committed to being a great place to work for all. Learn more at concordhotels.com