/

|

Concord Hospitality was well on its way to a third consecutive year of record or near-record growth even before the Federal Reserve’s Sept. 18, 2024 announcement of the first benchmark interest rate cuts since 2020. 

Leadership paved the way for continued expansion with an early post-Covid move to broaden its funding network beyond the expected options of local and large regional banks to include family office-backed debt funds which partner with the private wealth side of banks.