Budgetel Opens 11 Hotels In First 12 Months

Budgetel Opens 11 Hotels In First 12 Months

February 23, 2010 // Franchising.com // The Budgetel brand has opened almost one property a month during its first year under franchising and management by Atlanta-based America's Best Franchising, Inc., making it one of the fastest growing new brands in the hotel industry.

Today, there are eleven Budgetel Inns & Suites with 1,012 rooms in operation, including a Budgetel in Yiwu, Zhejiang China. Another two properties are scheduled to open within the next sixty days.

"We had strong expectations for Budgetel when we acquired exclusive licensing rights for the brand, but the marketplace has been even more enthusiastic than anticipated," explains Doug Collins, President and CEO of America's Best Franchising, Inc.

Budgetel, first introduced in 1974, went dormant before being acquired in 2007 by Budgetel Franchise System, which signed a Licensing Agreement in November of 2008 that made America's Best Franchising, Inc. the sole world-wide franchiser and management firm for the brand. The Licensing Agreement consists of an initial five year term, followed by four additional periods of five years each.

"The Budgetel name represents an exceptional value, especially in today's economic environment – for travelers, it means quality accommodations at affordable prices while for hoteliers, it means a great investment backed up with proven marketing and administrative services," added Collins. "We expect to continue capitalizing on this momentum."

Since being founded in 1993, America's Best Franchising, Inc. has developed a solid network of 257 properties with a combined total of 17,097 rooms in the United States, Canada, China, Argentina, and India.

In addition to Budgetel, the company operates three other upper economy hotel brands – America's Best Inns & Suites, Country Hearth Inns & Suites, and Vagabond Inns & Suites – plus the upscale "3 Palms" brand for independent hotels.



comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

Smoothie Factory
Are you interested in a health conscious franchise opportunity in a growing smoothie industry that does over $2 billion in annual sales in the United...
Sunny Street Cafe
A bright spot in your neighborhood for breakfast, brunch, and lunch. Discover the freedom and balance of owning your own Sunny Street Café: we've...
Beverly Hills Rejuvenation Center
Beverly Hills Rejuvenation Center (BHRC) provides the highest quality medical spa services to our clients in a comfortable and supportive...
Big Blue Swim School
Big Blue Swim School focuses on creating Big Moments for children ages six months to 12 years old.
Join the national insurance restoration service franchise that specializes in fire, mold, and water damage clean up. PuroClean offers a low investment
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.