A multi-year licensing agreement was signed between Budgetel Lodging and Hospitality Lodging Systems (HLS) which makes HLS the sole world-wide franchiser and management firm for the Budgetel brand, effective Nov. 1, 2014.
Budgetel Lodging is the Atlanta-based investor group that has owned the Budgetel brand name since 2007. It granted licensing rights to America’s Best Franchising (ABF) in 2008.
Hospitality Lodging Systems is an Atlanta-based management firm that inherits a system of 19 properties that currently bear the Budgetel brand. The company’s chairman is Doug Collins, who directed the Budgetel brand for the past six years in his previous role as chairman of America’s Best Franchising.
Collins will continue to serve as chairman and CEO of DC Hospitality, a nationwide hotel brokerage firm that handles all brands, sizes, and styles of properties.
Serving as president of HLS is Neil Collins, who has almost 20 years of experience in all phases of hotel operations, including sales, marketing and marketing services while serving in senior management positions with America’s Best Franchising and Cornerstone Hospitality.
The Budgetel brand, which was first introduced in 1974, will operate on a philosophy guided by the “12 points of fair franchising.”