Vantage Moves Into Next Phase of Development
APRIL 27, 2009 - Vantage Hospitality Group, Inc., the 12th largest hotel company worldwide, announced today that Lexington Collection President, CEO & Partner Steve Belmonte has completed his goal of establishing the brand as a leading edge, well focused, next generation brand and will be leaving the company. Belmonte plans to focus his efforts and attention on his company, Hospitality Solutions, LLC.
"We want to thank Steve for his help in launching this brand, solidifying its foundation in the lodging industry, and positioning it for future growth," said Roger Bloss, CEO and President of Vantage. "In consultation with Steve and our hotel members, and in acknowledgement of our strong corporate member support base, we are not looking to immediately fill Steve's position. The existing management team and I will oversee strategic planning and development, while my partner Bernie Moyle, Chief Operating Officer, will continue to lead the operations, membership support, and central reservations divisions, including over 80 dedicated professionals, located in Coral Springs, FL and Dallas, TX."
According to Bloss, Vantage will also use this as an opportunity to allocate additional revenue-producing resources and programs for its member properties in areas such as revenue management, travel industry sales and education departments. Moreover, Vantage will focus on targeted growth for the Lexington brand through selective additions and cross-training of the development team.
"The bottom line for my team is to continuously identify greater R.O.I. avenues for our members and offer them the best and most viable resources available in the industry," said Bloss.
The Lexington Collection of upper-mid to upscale hotels, plaza hotels, boutique hotels, and resorts worldwide has been charting a new course in the hospitality industry. Each hotel is unique and capitalizes on the local flavor and attractions of the area to create an unforgettable experience for guests. As a proud member of the Vantage Hospitality Group family, Lexington owners worldwide have embraced Vantage's innovative Freestyle Membership affiliation that offers members low, flat fees; short-term contracts; and a voice and a vote in the brand's direction while providing the most comprehensive resources in the lodging industry.
Visit www.LexingtonCollection.com for more information.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
