new hotels
New Hotels and Startups Have Many Things in Common, But Losing Money Shouldn’t Be One of Them
HotStats | January 27, 2020
The stories were everywhere: WeWork, the unicorn darling of the co-working space, valued at $47 billion, was a bleeder. And not just a small puncture, but a gaping gut wound from which some $219,000 came spewing out on an hourly basis, reports said. It turns out that while the company was in expansion mode, the nominal co-working king was losing more money than it was actually taking in. In 2018, according to reports, the company's losses were $1.9 billion on $1.8 billion of revenue. Furthermore, it generated $1.54 billion in revenue in the first six months of 2019, yet posted a net loss of $689.7 million. A math genius one needs not be to...
Vimana Franchise Systems Opens Key West Inn in Montgomery, Alabama
Vimana Franchise Systems, LLC | July 13, 2016
Windermere, FL – July 14, 2016 – Vimana Franchise Systems, LLC has added another property to its Key West Inn brand. This 41 room pet-friendly property located at 4135 Troy Hwy., Montgomery, AL, 36116 features a free continental breakfast, seasonal outdoor pool and business services. The new Key West Inn is set to open in early August. "Key West offers the best possible franchise agreement out there and that made our choice very simple," said owner, Mitesh Patel. Vimana Franchise Systems, LLC is the franchisor of Key West Inns, Hotels & Resorts as well as Centerstone Inns, Hotels & Plaza Hotels. The family of brands ...
