Hospitality Lodging Systems Grows Significantly In 2021
Hospitality Lodging Systems (HLS) grew during 2021 by 16% in hotels and 21% in rooms, ending the year with 73 hotels and 5,967 rooms. Of these properties, 42 with 4,201 rooms operate under the Budgetel Inn & Suites brand; 21 with 1,171 rooms operate under the AmeriVu Inn & Suites brand; and 10 with 595 rooms operate as a Haven Hotel.
This compares to the end of 2020 when HLS had 63 hotels with 4,929 rooms.
“We are attracting owners who want to keep more of the money they earn, which is especially appealing in today’s post-pandemic marketplace when improving ROI is a top priority,” said Doug Collins, Chairman and CEO of HLS.
“Our business model gives owners the freedom to operate their properties in their own way, with some administrative and marketing help but without mandated style changes and amenity upgrades that drive up costs.”
Atlanta-based HLS began operating in November of 2014 with the Budgetel Inn & Suites brand, then added Haven Hotel in December of 2014 and AmeriVu Inn & Suites in March of 2016.