AdVantis Completes Acquisition of Select
JANUARY 20, 2009 - AdVantis Hospitality Alliance, LLC, parent of VISTA(R) Hospitality Solutions, headquartered in Murfreesboro, Tennessee has completed the acquisition of the Select Inn brand from privately owned Select Franchising, Inc. of Fargo, North Dakota on January 3, 2009. The acquisition nearly doubles the size of AdVantis Hospitality Alliance, LLC. "Select Inns are squarely positioned in the economy segment of the lodging industry and are an excellent strategic addition for us. Our VISTA(R) Inns and VISTA(R) Inns & Suites offer a mid-tier positioning. Now we are able to offer an additional brand with an economy tier market positioning. Also, with Select Inns' dominant regional concentration, this will expand our horizon for growth" said AdVantis President Ramesh Gokal. "Our Board continues to embrace an aggressive growth strategy through acquisitions in addition to our continued organic growth. Notwithstanding the current difficult economic environment, we are financially postured to seek other similar companies that can complement our culture, operating philosophy and strategic growth."
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