Vantage Hospitality Earns Fifth Straight Inclusion on Inc. 500/5000 List of America’s Fastest-Growing Private Companies
(CLEVELAND, September 9, 2010) ? For an unprecedented fifth year in a row, Vantage Hospitality Group, Inc., whose hotel brands include Americas Best Value Inn?, Canadas Best Value Inn?, Chinas Best Value Inn?, Value Inn Worldwide?, and the Lexington Collection?, has been named to the exclusive Inc. 500/5000 ranking of the nation?s fastest-growing private companies by Inc. magazine.
The 2010 Inc. 500/5000 represents a comprehensive look at the most important segment of the economy – America?s independent-minded entrepreneurs. Despite the fact that most of this year?s measuring period (2006-09) took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321 billion, up more than 50 percent from last year.
Founded in 1999, Vantage is the only hotel company to be included on the Inc. 500/5000 in each of the last five years. By being included on the list, Vantage has outperformed over 99% of all private companies in the U.S.
Vantage, which posted a three-year growth of 53 percent, has seen continued success due to the innovative Freestyle? Brand Affiliation model, which offers hotel owners the one-of-a-kind Return On Investment Promise; a voice and a vote in the direction of the brand; low, flat fees and short-term contracts; and a host of progressive, revenue-generating programs and comprehensive resources.
[quote]?For a company that?s only 11 years old, being on the Inc. 500/5000 list five years in a row is an honor and validates the success of our innovative brand affiliations that put owners first. The model grew our first hotel brand, Americas Best Value Inn, from two to 900 properties in 10 years, making it the fastest-growing hotel chain of the past decade, and our newest brand, the Lexington Collection, has been making its mark over the last three years in the upper-mid and upscale segments. Our hotel owners are ?in business for themselves ? not by themselves,? and that winning team mentality by our corporate staff and members is what will help continue to keep Vantage among the upper echelon of U.S. companies, some of which have been around for decades longer than us,? said Roger Bloss, Founder, President and CEO of Vantage.[/quote]
Other accolades that Vantage Hospitality received this year include being named one of Florida?s ?Best Companies To Work For? by Florida Trend magazine, Bloss being named to Hospitality Sales & Marketing Association International?s 2009 Top 25 Most Extraordinary Minds in Sales & Marketing, and numerous marketing awards of excellence from top national and international organizations such as The Association of Marketing & Communication Professionals, Summit International, and the International Academy of the Visual Arts.
[box type=”tick”]About Vantage Hospitality Group, Inc.
Headquartered in Coral Springs, Fla., Vantage Hospitality Group is the 10th largest hotel company worldwide and the only hotel company to be ranked on the 2006, 2007, 2008, 2009, and 2010 Inc. 500/5000 List of Fastest Growing Private Companies. Hotel owners worldwide have embraced Vantage?s innovative Brand Affiliation Model that offers members low, flat fees; short-term contracts; and a voice and a vote in each brand?s direction while providing the most comprehensive resources in the lodging industry. Vantage Hospitality?s first hotel brand, Americas Best Value Inn, a leader in the limited-service segment, has grown to over 900 properties throughout North America and China in just 11 years of operation and has been recognized by the lodging industry as the fastest-growing chain over the past decade. The company continues to grow with the Lexington Collection, its upper-mid and upscale brand.[/box]