RALEIGH, N.C.—One of the top-ranked hotel developer-owner-operators in North America just unveiled its 2013 growth strategy. If Concord Hospitality Enterprises executes well the company will end the year much larger than it is now.

Concord's plan includes opportunistic hotel acquisitions and divestments and third-party management. That's in addition to an aggressive hotel development program.

Let's look back before we look ahead. In 2012, Concord pushed out more than $500 million to new hotel development and opened two hotels, while breaking ground on six more. For 2013, Concord expects to triple that performance, opening six hotels and breaking ground on 10. Looking ahead to 2014, Concord expects to open 12 newly developed hotels.

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