Concord Hospitality Expands North Carolina Footprint with Management of Poteat Hotels Portfolio

RALEIGH, N.C. — Concord Hospitality, a leading hotel development and management company, announced today that it has assumed management of Poteat Hotels’ seven-property portfolio across North Carolina, further expanding Concord’s presence in its home state and strengthening its growing footprint across the Southeast. 

The portfolio includes seven hotels totaling 711 rooms in New Bern, Greenville, Wilmington, Boone and High Point. The properties, which will transition to Concord management throughout October, include a mix of full-service and select-service hotels operating under leading global brands.

The new assignments deepen Concord’s presence in North Carolina, adding properties in both established and emerging markets throughout the state. With its headquarters in Raleigh, Concord has continued to expand its management portfolio across its home state, bringing its operational expertise and locally rooted approach to more hotels and hospitality assets in communities across North Carolina.

The Poteat portfolio includes the 98-room Courtyard New Bern, the 115-room Courtyard Greenville and the 125-room Aloft Wilmington, along with the 53-room Best Western Wilmington, which transitioned to Concord management on Oct. 1. On Oct. 12, Concord assumed management of the 100-room Courtyard Boone, 113-room Hampton Inn Boone and 107-room Courtyard High Point.

We’re excited to partner with the Poteat family and welcome these seven properties to Concord’s growing North Carolina portfolio. As a North Carolina-based company, we have a deep understanding of the communities and markets where these hotels operate, and we’re proud to bring our expertise and resources to properties throughout our home state. This partnership is a great example of the kind of long-term relationships we value—working alongside owners who share our commitment to delivering strong hospitality experiences and creating lasting value.

Will Loughran, Chief Operating Officer of Concord Hospitality

 For the Poteat family, the partnership reflects a shared commitment to the principles that have guided the family’s approach to hospitality.

Over the last decade we have been awarded National Hotel of the Year on several occasions and been the recipient of six Conrad Awards from Hilton. We chose Concord because of all the management companies Concord was the most qualified to continue our legacy. We believe there is a strong alignment between the way they operate and the values that have guided our family for generations. Integrity, value and community are cornerstones of our family and our business, and we see those same principles reflected in Concord’s approach to hospitality. We trust Concord to care for our properties, our associates and the communities we serve, and we’re confident this partnership will create a strong path forward for these hotels.

Reg Poteat, CEO & founder with Poteat Hotels

The addition of the Poteat portfolio further expands Concord’s experience across North Carolina, where the company manages a diverse collection of independent, boutique, full-service and select-service hotels. Concord’s portfolio includes properties operating under leading global brands including Hilton, Marriott and Hyatt, as well as independent hospitality concepts.