Concord Hospitality Welcomes Mark Fraioli with a Strong Background in Hotel Acquisitions, Investment Sales and Strategic Advisory Service as the New Senior Vice President of Business Development

Concord Hospitality, a leading hotel management and development company in North America, has recently announced the appointment of Mark Fraioli as the Senior Vice President of Business Development. This strategic hire signals the company’s continued efforts to expand its West Coast presence and grow its management portfolio, reinforcing its status as an integrated hotel management leader.

Mark Fraioli’s Role at Concord Hospitality

In his new role, Mark Fraioli will focus on driving Concord Hospitality’s growth strategy, particularly by exploring development and third-party management opportunities in the western United States. His responsibilities include strengthening relationships with hotel owners and investment partners while supporting the company’s long-term expansion efforts. Concord Hospitality has built a reputation for excellence and Fraioli’s leadership is expected to contribute significantly to maintaining that momentum.

Fraioli brings over two decades of experience in the hospitality and real estate sectors. His extensive career includes expertise in hotel acquisitions, investment sales and strategic advisory services. At Peregrine Hospitality Group, where he held senior roles, Fraioli was instrumental in building a $1.25+ billion hotel portfolio in just 2.5 years, sourcing 80% of the transactions off-market. He also led Northern California investment sales at JLL’s Hotels & Hospitality Group, brokering $2.3 billion in transactions across 52 deals. Additionally, Fraioli held leadership roles in development and finance at Marriott International, further enhancing his well-rounded background in the hospitality industry.

Concord Hospitality’s Expanding Portfolio

Concord Hospitality, a company with a portfolio that spans over 150 hotels across North America, has solidified its position as a premier hospitality operator. The company is committed to expanding its reach with more than a dozen projects in the development pipeline. These projects include select-service, full-service, upscale and luxury properties. As part of its growth strategy, Concord launched the Opus Collection in 2021, a curated portfolio of independent-minded, full-service hotels, restaurants and bars across the U.S. and Canada.

The company’s continued success can be attributed to its holistic approach to hotel operations. Beyond traditional management, Concord offers integrated services that create value for hotel owners. This includes in-house hospitality technology solutions, procurement and supply chain management and operational consulting. These services are designed to optimize operational efficiency, enhance revenue streams and ensure the long-term success of each property in Concord’s management portfolio.

A Bright Future with Fraioli’s Expertise

Mark Fraioli’s appointment aligns with Concord Hospitality’s broader strategy of scaling its services and expanding its footprint in the hospitality industry. With his proven track record in hotel acquisitions and investment sales, Fraioli is well-equipped to help the company tap into new growth opportunities, especially in the competitive West Coast market. By focusing on building strong partnerships and leveraging his extensive industry expertise, Fraioli will play a crucial role in positioning Concord Hospitality for future success.

Fraioli’s leadership is expected to enhance the company’s ability to identify and capitalize on emerging opportunities in the hotel and real estate sectors. His background in driving large-scale acquisitions and sales will provide Concord Hospitality with the insight and strategy needed to continue delivering consistent performance for its partners and owners. As the company grows, it remains rooted in its core values of quality, integrity, community, profitability and fun, principles that have helped Concord Hospitality attract and retain top talent while maintaining high standards of excellence.

With a continued focus on providing integrated services and innovative solutions for hotel operations, Concord Hospitality is poised for long-term growth, with Mark Fraioli playing a key role in driving this expansion.