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Aimbridge Hospitality Named Among Dallas 100™
SMU Cox recognizes the top 100 fastest growing, privately held companies in Dallas; Aimbridge Hospitality achieves 50% revenue growth each year beginning in 2003
DALLAS, TEXAS - December 5, 2008 – Aimbridge Hospitality, a hotel real estate and management company, was named among the Top 100 fastest growing, privately held companies in Dallas. The Dallas 100™ Award is presented by the SMU Cox Caruth Institute for Entrepreneurship.
Dallas 100™ winners were chosen solely on increased growth in sales, giving weight to percentage of growth and absolute growth, between 2005 and 2007. To qualify, a company must be an independent, privately held corporation, proprietorship or partnership (not a subsidiary of a parent company) as of May 1, 2008; be headquartered in the Dallas area; have had sales of more than $500,000 in fiscal 2005; have had sales of not more than $75,000,000 in 2005; have a three-year sales history reflecting growth; and, have a credit report and character satisfactory to the Dallas 100™, determined at the sole discretion of the Dallas 100™.
“We are honored to be recognized by SMU Cox for our strong performance and growth, but we couldn’t do it without the dedicated property managers, talented corporate team members, and strategic relationships with our valued capital partners and brand affiliates,” said Dave Johnson, President and CEO of Aimbridge Hospitality. “The entrepreneurial spirit is alive and well at Aimbridge Hospitality as well as in North Texas.”
Aimbridge Hospitality opened in 2003 with 8 hotels in its portfolio. Today the company owns or operates 50 branded and independent hotels across the United States, with another six properties currently under construction. Aimbridge Hospitality experienced a 66% growth in revenue in 2006 and 68% growth in 2007, representing a compounded growth of 179% from 2005 to 2007. The company’s acquisition of hotel assets and development of new construction projects significantly increased the size of the Aimbrdige Hospitality portfolio and ultimately led to its phenomenal revenue growth over the past three years.
Companies among the prestigious Dallas 100™ generated combined sales of $9.9 billion in the past three years, grew average sales 171 percent from 2005 to 2007, and grew its number of employees from 11,391 in 2005 to 22,677 in 2007.
About Aimbridge Hospitality
Aimbridge Hospitality is a hotel real estate and management company created to identify investment opportunities throughout the United States. Aimbridge provides management, asset management, capital renovation, supervision, accounting and consulting services for its strategic partners. Aimbridge currently operates hotel properties in the Embassy Suites, Doubletree, Hilton Garden Inn, Hampton Inn & Suites, Sheraton, Hyatt, Hilton, Marriott and Wyndham brands. Aimbridge also manages a number of independent hotels, including the Phoenix Inn & Suites brand of hotels and has several projects under development in the Starwood, Marriott and Hilton enterprises. For more information on Aimbridge Hospitality, please visit the company’s Web site at www.aimbridgehospitality.com.
About SMU Cox
SMU’s Cox School of Business offers a full range of business education programs, including BBA, full-time MBA, Professional MBA (PMBA), Executive MBA (EMBA), Master of Science in Management (MSM), and Executive Education. The school also offers a number of unique resources and activities for students, ranging from its Business Leadership Center (BLC), Caruth Institute for Entrepreneurship, Maguire Energy Institute, and American Airlines Global Leadership Program (AAGLP) to its Associate Board Executive Mentoring Program and an international alumni network with chapters in more than 20 countries. SMU Cox is ranked among the top business schools nationally and internationally by major publications, including BusinessWeek, The Economist, Financial Times, Forbes, The Wall Street Journal, and U.S. News & World Report.