Vantage Hospitality Enjoys Another Banner Year with Sixth Straight Inclusion on Inc. 500/5000 List of America’s Fastest-Growing Private Companies
No other hotel company has been ranked in each of last six years
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.
Vantage Hospitality Group, Inc., has been recognized as one of the most progressive hotel companies in the history of the lodging industry. With over 1,200 properties worldwide, Vantage is the only hotel company to be ranked among the Inc. 500/5000 List of America's Fastest-Growing Private Companies for eight consecutive years. Supported by the resources of a franchise and the freedom of a membership organization, hotel owners around the globe have embraced Vantage's philosophy that puts control back in their hands, allowing them to be "In Business for Themselves, Not by Themselves." Vantage Hotels is among the top 10 hotel franchisors based on the number of hotels in its system. Whether a property is a member of Vantage's legacy brands, the award-winning Americas Best Value Inn brand (with its sister brands, Canadas Best Value Inn and Value Inn Worldwide) and the ground-breaking Lexington by Vantage, or of the Jameson Inn, Country Hearth Inn & Suites, or Signature Inn brands, all Vantage Hotels members enjoy the opportunity to maximize their revenue and asset value through Vantage's low fees and reasonable contract terms; flexible, straightforward agreements; A Voice and A Vote® in major brand initiatives; the most comprehensive resources, support and CRS in the industry; sensible PIPs, and a culture that is centered on educating, not mandating. Membership in Vantage brands in the United States is offered (as a franchise) through Vantage Franchising, Inc., and in Canada, through Vantage Franchising (Canada) Inc., wholly-owned subsidiaries of Vantage Hospitality Group, Inc. For more information, visit www.JoinVantageHotels.com.
