Thursday April 18th, 2013 - 10:17AM
CLEVELAND, OH—Americas Best Value Inn (ABVI) added four new-construction properties as part of its continued growth during first quarter.
An ownership group based in Sugar Land, TX, signed agreements to build three extended-stay ABVIs in Midland, Cotulla and Dilley, TX, totaling 106 rooms. All three are scheduled to open this December and join a list of other new-construction ABVI projects currently under way in Texas (Pearsall, Cuero, two in Houston). The brand’s fourth new construction project, a 40-room Americas Best Value Inn & Suites, is being built in Richardton, ND, and is expected to be completed February 2014.
ABVI's new-build program gives hotel owners the choice of using the company's prototype or their own design. A hotelier who builds a new property with a five-year agreement has his/her membership fees waived for the first year of operation.
“It can take around a year to stabilize a new hotel and become profitable, so hotel owners have found our new-construction program very appealing. Without having to pay membership fees for the first year, they are able to use that savings to really jump-start and market their business,” Patrick Mullinix, EVP of development for Vantage Hospitality Group, said in a statement.
Vantage Hospitality Group is the parent company of Americas Best Value Inn, as well as the Chinas Best Value Inn and Lexington by Vantage brands.
In total during the first quarter, ABVI added 17 properties and 863 rooms in 11 different states. The largest addition was a 121-room former Ramada in Yuma, AZ.