Vantage Hospitality's Supercharged Performance Lands Hotel Company on the Inc. 500/5000 List of Fastest-Growing Private Companies for Eighth Consecutive Year
CLEVELAND, Sept. 6, 2013 /PRNewswire/ -- For eight consecutive years, more than half of its existence, Vantage Hospitality Group, the parent company of Americas Best Value Inn®, Canadas Best Value Inn®, Lexington Inn®, Lexington Hotel®, and Value Inn Worldwide®, has been recognized on the Inc. 500/5000 List of America's Fastest-Growing Private Companies.
The Inc. 500/5000 list represents the most comprehensive look at the most important segment of the economy -- America's independent entrepreneurs. Vantage is the only major hotel company on this year's list. While only 87 companies can boast making the prestigious list at least eight times, Vantage is the only hotel company to ever do so during Inc. 500/5000's 32-year history. Vantage joins the likes of iconic brands Microsoft, Zappos, and many other well-known names that gained early exposure as members of the Inc. 500/5000.
Established in 1999, Vantage Hospitality has grown to become the world's eighth largest hotel company. Founder, President, and CEO Roger Bloss will tell you that providing the right product at the right price point while giving hotel owners more independence and resources is what has made Vantage so successful so quickly.
"We saw our greatest growth during the country's worst economic cycle. Hotel owners were fed up with paying excessive franchise fees while being forced to implement expensive and often unnecessary mandates and amenities. At Vantage, we give our owners a voice and a vote on all major initiatives. In fact, our owners tell us what they are willing to pay in membership and marketing fees. Do you know any other company that allows its clientele to set its fee structure?" said Bloss.
While this philosophy may create mutiny at most other companies, it has become the core of Vantage. Member-driven fees, based on number of rooms, not revenue, are the lowest in the industry. Contracts are short-term and renewable, brand standards are reasonable, and owners may choose the amenities that meet their market niche.
The Inc. accolade is one of several for Vantage Hospitality and its brands this year. Americas Best Value Inn is recognized as the 2013 and 2012 Economy Hotel Brand of the Year based on the Harris Poll EquiTrend® Equity Score, and Vantage was named one of Florida's "Best Companies to Work For" for the fourth straight year by Florida Trend magazine.
Contact: Christine Thome
SOURCE Vantage Hospitality Group