Americas Best Value Inn Continues Impressive Growth with Addition of 134 Hotels in 2010
Americas Best Value Inn and Canadas Best Value Inn? expanded in 39 states and two provinces. Missouri led the way with 13 new properties, followed by 12 apiece in California and Texas, nine in Florida and seven in Minnesota.
All told, ABVI?s and CBVI?s 134 new inns, hotels and suites included conversions from such major brands as Best Western?, Days Inn?, Microtel Inns & Suites?, Clarion?, Holiday Inn Express?, Ramada?, Quality Inn?, Howard Johnson? and Comfort Inn?, as well as dozens of independent properties.
An economy, limited-service brand, ABVI operates under its Freestyle? brand model, which allows hotel owners to pay low, flat, monthly fees based on number of rooms ? not a percentage of revenue as do other national hotel brands that typically charge fees that are three to five times higher than ABVI?s. Owners also have short-term contracts, a voice and a vote in the direction of the brand, and the one-of-a-kind 100% Return On Investment Promise.
[quote]?We just enjoyed another tremendous year of growth, one of the best in the industry, but we will never sit back and rest on our laurels. Our corporate team will continue to be proactive by identifying new opportunities for our brand in markets throughout North America. We?re also constantly developing progressive, revenue-generating programs and comprehensive resources to help our hotel owners increase their return on investment potential,? said Roger Bloss, the Founder, President and CEO of Vantage Hospitality Group, which also includes the Chinas Best Value Inn?, Value Inn Worldwide? and Lexington Collection? brands.[/quote]
[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 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]