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Vantage Hospitality Expands Into Gulf Region
MENA Real Estate to Develop Brand and Prototype in Qatar, Bahrain and the United Arab Emirates
CORAL SPRINGS, Florida (December 10, 2008) Vantage Hospitality Group, Inc., will introduce its Value Inn Worldwide brand into the Gulf region through its recent agreement with MENA Real Estate Limited (MENA). MENA will develop the Value Inn Worldwide brand under the Vantage umbrella, including the new-build prototype, in Qatar, Bahrain, and the United Arab Emirates.
"Because of the current economic climate and the tremendous growth in leisure and business tourism in the Gulf region, there is an increasing demand for limited service hotels. Vantage's Value Inn Worldwide brand addresses that opportunity. We're very excited to be partnering with such an esteemed organization like Vantage," said Alnoor Nazir Hussein, principal of MENA. MENA will offer a one-stop solution to developers and investors, including Sharia finance compliance.
"The MENA Management team has a proven track record in hotel development and operation in Europe and the Gulf region. Their comprehensive expertise will be invaluable as we introduce a new-build prototype that showcases regional architectural characteristics that are visually appealing to guests. We look forward to opening our first Value Inn Worldwide hotels in the region in 2011," said Bill Hanley, Partner and Managing Director of International Development for Vantage.
The properties being developed by MENA will follow Vantage's successful freestyle business model created by the company's CEO, president and founder, Roger Bloss. This affiliation model offers hotel owners low, flat monthly fees based on number of rooms; short-term contracts; no liquidated damages; a choice of amenities; and a voice and a vote in all major brand decisions. The Value Inn Worldwide brand builds upon the success of Vantage's Americas Best Value Inn.
For more information about Americas Best Value Inn, visit www.AmericasBestValueInn.com or call
888-316-2378. For more information on MENA Real Estate Limited, call 011-44-845-833-7955.
About Vantage Hospitality Group, Inc.
Headquartered in Coral Springs, Fla., Vantage Hospitality Group is the 12th largest hotel company worldwide and the only hotel company to be ranked three years in a row on the Inc. 500/5000 List of Fastest Growing Private Companies. Founded in 1996, the company has grown to include a broad spectrum of hospitality-related ventures, managing resources in hotel ownership, management, marketing, national brand affiliation and real estate. Vantage's award-winning membership hotel brand, Americas Best Value Inn, has been recognized by the lodging industry as one of the fastest growing chains six years in a row with over 800 hotels and over 50,000 rooms in North America. The company continues to grow with its upscale hotel chain, The Lexington Collection - the only membership hotel brand in the three and four diamond lodging segments. Vantage will continue to expand its brands domestically as well as in international markets including India, China, Canada, Mexico, North Africa, and the Gulf region.
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