Hospitality Lodging Systems Signs Master Licensee for International Expansion of Budgetel and Haven Brands

Hospitality Lodging Systems | January 23, 2018

Atlanta-based Hospitality Lodging Systems (HLS) will expand its Budgetel and Haven economy brands internationally under a new master license agreement with Continent Hotels Worldwide (CHW) based in Istanbul, Turkey. The 15-year agreement covers Turkey and Russia plus countries in central Asia as well as east, central, and west Africa. "There is a strong demand in these areas for dependable lodging at affordable prices, so the names Budgetel and Haven offer our company a distinctive way to pursue the economy market," explains Ethem Zagikyan, Managing Partner and principal with CHW. CHW currently operates a portfolio of 27 properties in u...