Vantage Hospitality Earns Sixth Straight Inclusion on Inc. 500/5000 List
CLEVELAND, OH - September 12, 2011 - For an unprecedented sixth 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®, Lexington Collection®, Lexington Hotels®, and Lexington Inns®, has been named to the exclusive Inc. 500/5000 ranking of the nation's fastest-growing private companies by Inc. magazine.
Founded in 1999, Vantage Hospitality has posted a revenue growth of more than 75 percent and added over 500 new hotels over the last six years, and achieved the following milestones with its latest Inc. 500/5000 inclusion:
- Vantage is the top-ranked hotel company on this year's list
- Vantage is the only hotel company to be included in each of the last six years
- Vantage is one of just 189 companies in Inc. 500/5000's 30-year history to make the list six or more years
- By being included on the Inc. 500/5000 list, Vantage has outperformed over 99.8% of all private companies in the U.S.
- With over seven million businesses in the U.S., only 5,000 have grown fast enough to make the exclusive Inc. 500/5000 list
“Not only is Vantage Hospitality the only hotel company to ever be recognized for six consecutive years, but since the Inc. 500/5000 list of fastest-growing private companies began 30 years ago, less than three percent of American companies can claim this incredible honor. Vantage was launched 11 years ago and we have received this distinction six of the eight times we've been eligible. That is absolutely amazing when you consider we started Americas Best Value Inn in a saturated market of over 80 well-established hotel chains and, even during one of the worst economic downturns, Vantage continued its exceptional growth. We introduced an innovative membership model to the franchise world that hotel owners desperately wanted, but no other chain was willing to risk,” said Roger Bloss, Founder, President and CEO of Vantage.
Vantage, which reached 1,000 hotels worldwide earlier this year, delivers to its hotel owners the one-of-a-kind 100% Return On Investment Promise; low, flat fees based on number of rooms; short-term, renewable contracts; no liquidated damages; reasonable property improvement plans; a voice and a vote in all major decisions - including fees; and a host of progressive, revenue-generating programs and comprehensive resources.
“Our members actually determine the fees that they will pay to be a part of our brands,” added Bloss. “While this might create mutiny at other hotel chains, it has formed a strong relationship of trust among our owners and corporate team. It all goes back to putting the business back into the hands of the hoteliers and that's what makes us different from every other hotel company in the world.”
The Inc. 5000 list represents the most comprehensive look at the most important segment of the economy - America's independent entrepreneurs. In a stagnant economic environment, the median growth rate of 2011 Inc. 500/5000 companies remains an impressive 94 percent. The companies on this year's list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
Vantage Hospitality and its brands have enjoyed an honor-filled year, including being named one of Florida's “Best Companies To Work For” for the second straight year by Florida Trend magazine and receiving numerous marketing awards of excellence from top national and international organizations. The Americas Best Value Inn brand received the prestigious Hotel Vikas Diamond Award for Best Franchisor for the second year in a row, in part as a result of its successful member affiliation model.
About Vantage Hospitality Group, Inc.
Headquartered in Coral Springs, Fla., Vantage Hospitality Group is the 10th largest hotel company worldwide with over 1,000 hotels and the only hotel company to be ranked on the 2006, 2007, 2008, 2009, 2010 and 2011 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, is a leader in the limited-service segment (including Canadas Best Value Inn and Chinas Best Value Inn) throughout North America and China 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 Hotel and Lexington Inn brands (Vantage's midscale through upscale brands) and through affiliations with Brown Nester Hospitality Services (offering comprehensive hotel brokerage and related services) and Vantage Insurance Services (a full-service insurance agency specializing in insurance for the hospitality industry). Visit www.AmericasBestValueInn.com, www.LexingtonCollection.com, www.VantageHospitality.com, www.VantageInsuranceServices.com or www.BrownNester.com for more information.
Contact:
Al Cohen
Vantage Hospitality Group
888-316-2378
[email protected]