Hotel boom in Pittsburgh area expected to continue (Pittsburgh Tribune)

December 25, 2012 – Keith McGraw of Concord Hospitality — one of the region‘s major hotel developers with 14 properties under ownership or management — doesn‘t believe the Pittsburgh-area hotel market has been overbuilt. In fact, McGraw and his partner, Mark Laport, have plans to build at least two more hotels in the region during 2013 and to open two others next year that they are developing in ventures with local companies. Since 2004, 34 hotels with 3,304 rooms opened in the region, according to the Hendersonville, Tenn.-based Smith Travel Research Inc., a hotel research company. There are 254 hotels operating in the region, it reports.

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