Americas Best Value Inn/Canadas Best Value Inn Adds 21 Hotels in Second Quarter
CLEVELAND - July 31, 2014 - Americas Best Value Inn®(ABVI)/Canadas Best Value Inn®(CBVI) enjoyed more solid growth during the second quarter of 2014 with the addition of 21 properties to the system. ABVI® and CBVI are part of the Vantage Hospitality Group family of brands, the eighth largest hotel company worldwide with over 1,000 properties which also enhanced its segment offerings earlier this month when it agreed to acquire America's Best Franchising's hotel brands.
ABVI welcomed three properties in Illinois and two apiece in Oklahoma, Iowa and Texas. Among the 21 new inns, hotels and suites are a 120-room former GuestHouse Inn & Suites in Fort Collins, CO; an 85-room former Days Inn in Vandalia, IL; a 69-room, two-diamond property in New Paltz, NY; a 60-room former Days Inn in Bristol, PA; a 55-room, 2-diamond former Best Western in Denham Springs, LA; and a 40-room new construction in Houston, TX.
The Canadas Best Value Inn brand added two locations - a 62-room former independent in Whitecourt, Alberta; and a 67-room former Ramada in Valemount, British Columbia. CBVI now totals 30 properties in seven provinces and territories throughout the country.
“Our new properties are coming in all shapes and sizes, including new builds and conversions. Our unique new construction program, which waives membership fees for the first year of operation and gives hotel owners the choice of using ABVI's prototype or their own design, continues to attract a lot of interest. Independent hoteliers are joining to enjoy our numerous innovative programs and comprehensive resources that help them drive revenue. And conversions from other chains remain high, reflecting ABVI's status as an affordable alternative to the legacy brands,” said Roger Bloss, the Founder, President and CEO of Vantage Hospitality, which is the parent company of Americas Best Value Inn, Canadas Best Value Inn, Value Hotel Worldwide®, Value Inn Worldwide® and Lexington® by Vantage.
A limited-service brand, ABVI operates under Vantage Hospitality's unique Freestyle® brand affiliation, which allows hotel owners to pay low, flat, monthly fees based on number of rooms - not a percentage of revenue as do traditional hotel brands that typically charge fees that are three to five times higher than ABVI's. Owners also have short-term agreements, A Voice and A Vote℠ in the direction of the brand, reasonable property improvement plans, and the one-of-a-kind “100% Return On Investment Promise.”
The 2013 U.S. Hotel Franchise Fee Guide issued by HVS reflected that ABVI's fees represented the lowest of all major national economy brands reported.
About Americas Best Value Inn
Americas Best Value Inn (including Canadas Best Value Inn and Value Inn Worldwide) is a leader in the limited-service segment throughout North America and is the world's 10th largest hotel chain with over 1,000 hotels throughout North America. Members of the Americas Best Value Inn brand are eligible for expedited and streamlined SBA loan processing through the SBA's Franchise Registry Program, information about which may be found at www.franchiseregistry.com.
About Vantage Hospitality Group, Inc.
Headquartered in Coral Springs, Florida, Vantage Hospitality Group is the 8th largest hotel company worldwide with over 1,000 hotels independently owned and operated, and the only hotel company to be ranked on the 2006, 2007, 2008, 2009, 2010, 2011, 2012 and 2013 Inc. 500/5000 List of America's Fastest-Growing Private Companies. In July 2014, Vantage entered into an agreement to acquire the Jameson Inn, Country Hearth Inn & Suites, America's Best Inns & Suites, 3 Palms Hotels & Resorts, and Signature Inn brands. Vantage also continues to grow with the Lexington Hotel and Lexington Inn brands (Vantage's midscale to upscale brands) and through affiliations with Vantage Hotel Management (management and operations covering all brands and independent properties), Vantage Insurance Services (a full-service insurance agency specializing in insurance for the hospitality industry), and Brown Nester Hospitality Services (offering comprehensive hotel brokerage and related services). Lexington by Vantage franchises in the United States are offered by Lexington Franchising, Inc., a wholly-owned subsidiary of Vantage Hospitality Group. Visit www.JoinABVI.com, www.JoinLexington.com, www.VantageHospitality.com, www.VantageHotelManagement.com, www.VantageInsuranceServices.com or www.BrownNester.com for more information.
Contact:
Al Cohen
Vantage Hospitality Group
888-316-2378
[email protected]
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