NYU IHIF: Building an Extended Stay Future – With Concord’s Mark Laport

What’s really happening with new hotel construction in today’s unpredictable climate? #NoVacancyNews sat down with Mark Laport, CEO of Concord Hospitality Enterprises, during NYU IHIF this week to discuss: • 🏗️ Why he’s bullish on launching #StudioRes, Marriott International’s new extended-stay brand • 💰 The financial balancing act—dealing with skyrocketing costs and persistent labor issues • 🌍 What makes Concord’s approach different, and how they’re betting smart on the future • 🤝 Why relationships—especially in tough times—make or break your ability to grow If you're in hospitality development or operations, this one is essential. Mark delivers thoughtful insight without fluff, and yes, he still refuses to call himself a “big shot.” 🎧 Listen in for real-world strategies and forward-looking ideas.