Industry Update
Press Release 4 August 2016

Vantage Hotels Adds 340-Room Lexington Hotel in Busan, South Korea

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The Lexington Collection

CLEVELAND -- Vantage Hotels' Lexington® brand continues to expand throughout South Korea, with the latest addition being a 340-room new-construction project in the country's second-largest city, Busan. The property, which is expected to open in November 2017, will be a full-service hotel and carry Vantage's Value Hotel Worldwide® name, by which Lexington Hotels are known in South Korea.

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The property in Busan is the sixth new build in the country to be introduced by Vantage's master licensee for South Korea, Service Legend, Inc. A 20-floor, 300-room property in Suwon was the first to open in December 2013; a location in Seogwipo is opening this month; a property in Sejong City is expected to be completed this December; and hotels in Jeju City and Gangneung are set to open in 2017. All of the properties are also managed by Service Legend.

Located on the southeastern-most tip of the Korean peninsula, Busan is the cultural, educational and economic center of the region. It is home to the country's largest beach (Haeundae Beach); top tourist attractions such as the Busan International Film Festival, Nampo-Dong shopping area, Gwangbok-dong Cultural Center and Fashion Street, Jagalchi Market and Gukje Market; and is the largest port city in South Korea.

The 24-floor Value Hotel Worldwide in Busan will feature a top-floor restaurant/sky lounge, fitness center, gift shop, outdoor terrace, business center and meeting rooms. An important part of the redevelopment of the city's North Port area, the hotel will be close to the Busan International Ferry Terminal and Busan Train Station.

"Only two of the 17 business hotels in Busan are in the same part of town as our hotel site, so we look forward to providing a much-needed lodging option there. It's also exciting to be included in the North Port Redevelopment Project, which is transforming the original port into a cultural center and tourist destination," said Bill Hanley, the Group President of Vantage's International Division.

There are over 1,200 properties under the Vantage worldwide umbrella, including those operating under the Americas Best Value Inn®, Canadas Best Value Inn®, Signature Inn®, Jameson Inn®, and Country Hearth Inn & Suites® brands. The growth in South Korea continues the selective international expansion of the Vantage brands, particularly in India and Canada.

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.

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Lexington Inns and Hotels

Lexington Inns and Hotels are a collection of select-service properties and full-service hotels that provide hotel owners the best of both worlds - the freedom of a membership and the resources of a franchise.
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