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HLS adds Budgetel Inn and Haven Hotel properties

Currently, there are 37 Budgetel Inns and 12 Haven Hotels with 4,511 rooms total

HLS adds Budgetel Inn and Haven Hotel properties

ATLANTA-BASED HOSPITALITY Lodging Systems has added two Budgetel Inn & Suites and two Haven Hotel properties to its portfolio, according to HLS. Currently, there are 37 Budgetel hotels with 3,813 rooms operating in 10 states plus China and 12 Haven Hotels with 698 rooms in nine states.

Both the Budgetel hotels are in metro Atlanta, a 218-room conversion former Clarion, located on the north side of the city and a 121-room property in suburban Lilburn. The new Haven Hotels are 50-all suites, boutique property in the Atlanta suburb of Marietta and a 130-room property in Hazelwood, Missouri, a statement said.


“Our brands are attracting owners who want to lower costs and boost profits, especially as our industry struggles to recover from two years of pandemic slowdown,” said Doug Collins, chairman and CEO of HLS. “Among the most popular features of our contract are unlimited free online reservations, fewer mandated amenities, and an annual exit opportunity.”

In addition to the two brands, HLS has 23 AmeriVu Inn & Suites properties with 1,353 rooms in nine states, including two added last week. The AmeriVu brand was started in 2015 by Nick Rai, CEO of Vishav Hotels, who signed a long-term exclusive licensing agreement with Atlanta-based HLS in 2016.

The firm now operates 72 properties with 5,864 rooms under these three brands.

Last year, HLS added 73 hotels with 5,967 rooms, a 16 percent increase in hotels and 21 percent hike in rooms, compared to 2020.

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Choice Hotels Report $180M in Global Performance Gains

Choice clocks $180M in global gains

Summary:

  • Choice Q3 net income rose to $180 million from $105.7 million.
  • Weaker government and international demand slowed U.S. growth.
  • Full-year U.S. RevPAR forecast lowered to -2 to -3 percent.

Choice Hotels International reported third-quarter net income of $180 million, up from $105.7 million a year earlier, driven by international business growth. Global RevPAR rose 0.2 percent year over year, with 9.5 percent growth internationally offsetting a 3.2 percent decline in U.S. RevPAR.

The U.S. decline was due to weaker government and international inbound demand, Choice said. The company lowered its full-year U.S. RevPAR forecast to -2 to -3 percent, from the previous 0 to -3 percent.

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