CALGARY, April 17, 2018 /CNW/ - Alberta'sMasterBUILT Hotels is a homegrown success story achieving the seemingly impossible. In an uncertain economic climate, the master developer of Microtel Inn & Suites by Wyndham in Canada is enjoying explosive growth and winning national and international accolades.
The Calgary-based hotel management and development company has received the prestigious Canada's Best Managed Companies designation, recognizing privately owned and managed companies with revenues over $15 million for innovative, best-in-class business practices. MasterBUILT Hotels won its first Best Managed award in 2014 and has successfully retained its status, becoming a Gold Standard winner in 2018.
"It's an honour to be recognized again as one of Canada's Best Managed companies," said Eric Watson, President of MasterBUILT Hotels. "This award is a testament to the incredible vision, capability, and dedication of our leadership to accomplish what others thought was impossible."
Since its inception in 2011, MasterBUILT Hotels has developed and opened 17 hotels from the ground up, with five more currently under construction and another eight to ten starts planned in 2018 across Canada.
"Launching a new brand requires a significant commitment of capital, deep-rooted industry relationships, a unique ability to execute, and resilience to a rapidly changing marketplace," said Watson. "Like most of our Best Managed peers, we are not an overnight success story. It has been seven years of hard work to create the tremendous momentum we are enjoying today."
The Best Managed program was not the only one to recently recognize MasterBUILT Hotel's operational excellence. This past month, all of the Microtel properties managed by MasterBUILT were recognized among the "Best of Microtel". Presented annually by Wyndham Hotel Group to an elite list of recipients, the international "Best of Microtel" award recognizes the brand's top performing hotels and their staff.
"We are extremely proud to have every one of our properties recognized for consistently delivering outstanding guest experiences and operational execution," stated Aodhan Sheahan, MasterBUILT's Vice President of Operations. "While our Microtel hotels provide guests with modern, clean and affordable accommodation unrivalled by other hotel chains, we believe the real differentiator is our people and their commitment to making Microtel the friendliest place to stay in Canada."
With new projects under construction or slated to start soon in high profile markets including Vancouver Island, Winnipeg, the Greater Toronto Area, Ottawa and Montreal, Microtel by Wyndham is poised to become a household name with travellers across Canada. It is also quickly becoming the preferred brand for hotel owners and investors who appreciate Microtel's contemporary design, development efficiency and superior financial returns.
"A big part of Microtel's success in Canada is due to the fact that MasterBUILT Hotels provides its hotel partners with equity investment and a strong balance sheet to secure project financing. We also share our knowledge, relationships, access to sites and proven development strategies. It's a true win-win relationship with a level of alignment not offered by our competition," said Watson.
About MasterBUILT Hotels and Microtel Inn & Suites by Wyndham Co-founded by one of Canada's most celebrated hotel development companies, Superior Lodging Corp., and award-winning builder Jayman MasterBUILT, MasterBUILT is the master territorial developer for Microtel Inn & Suites by Wyndham in Canada.
Microtel Inn & Suites by Wyndham is an award-winning, limited service hotel brand with 332 properties in Canada, the USA, South America and Asia. Hotels are independently owned and operated under franchisee agreements with Microtel Inn & Suites Franchising, a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN). www.microtelinn.com
SOURCE MasterBUILT Hotels
For further information: Donna Fahey, Director of Sales & Marketing, 403-698-8533, [email protected]