Famous American Hotel Chain CBVI & Lexington Collection by Vantage Open Their First Hotel in China

Famous American Hotel Chain CBVI & Lexington Collection by Vantage Open Their First Hotel in China

November 28, 2007

    SHANGHAI, Nov. 28 /Xinhua-PRNewswire/ -- Today, let's
celebrate the opening of the first VANTAGE hotel in China
-- China's Best Value Inn (CBVI) North Bund hotel.  This is
the successful first step for Vantage Group in the campaign
to start their expansion program in China. The group
already has signed 3 high-end Lexington Collection hotels
and 5 CBVI brand level hotels.  There will be more than 15
Lexington Hotels and 20 CBVI level hotels in 2008.

    The newly-opened CBVI North Bund hotel is located near
the Bund, near the crossroads of Nanjing road and North Si
Chuan Road, and next to the famous food street: Zha Pu Road
and Kun Shan Road. The hotel has 64 rooms including deluxe
rooms, superior rooms all with central A/C system, liquid
crystal TV sets, and free high-speed Internet. The hotel
has a restaurant offering breakfast, lunch and dinner, a
24-hour business center and 24-hour room service.  

    The CBVI North Bunds hotel is a new CBVI style hotel:
complete facilities with high standards of service,
"Value & Comfort." The hotel focuses on the
large emerging middle class with reasonable &
affordable rates. The high-speed Internet and business
center meets the needs of business travelers.  

    "Today, we are happy you could be here to
celebrate with us the opening of our first CBVI hotel in
China, this our the first step in China.  We are very
concerned about the market in China. With the fast
development of the economy, China will be the biggest
potential market in the world.  We believe our brand will
have a very bright future," said Mr. Martin Soran, CEO
of CBVI and Lexington Co, Ltd., at the ceremony for the
opening of the North Bund CBVI hotel.     

    Vantage Hospitality Group, Inc., parent company to
China's Best Value Inn, was founded in 1996 by six managing
partners who have more than 150 years of combined experience
in hotel ownership, management, operations, franchising, and
marketing. Vantage was the 12th largest hotel chain
worldwide in 2007. With its diverse portfolio of companies,
Vantage covers all the major facets of the industry and
offers its members comprehensive hospitality resources.
There are 8 brands including 4 America's Best Value Inn
(ABVI) brand and 4 Lexington Collection brands. 

    It launched Vantage hospitality group, Inc. nationally
in 1999, growing from 5 properties to more than 800
properties. It has been honored with two national chain
leadership awards, and was recognized as the fastest
growing chain in the country in 2003, 2004, 2005 and 2006,
with an over 500% overall system ROI in 2005 and 2006 for
Vantage Hospitality Group's members. Vantage Hospitality
Group has been rated one of INC. Magazine's top 500 growing
corporations. Vantage is the only hospitality company to
receive this prestigious recognition. 

    Vantage Hospitality Group is looking for development
opportunities in Mainland China, Hong Kong, Taiwan and
Macao; China's Best Value Inn & Lexington Collection
Co., Ltd. are the company of choice for Vantage to offer
its products and services of the Group, starting from the
fall of 2006. With the support of the Vantage Group,
China's Best Value Inn & Lexington Collection Co., Ltd
will be the Vanguard of China's tourism industry, actively
promoting the development of tourism in China. CBVI has
already signed hotels to open the end of 2007 or early 2008
located in the cities of Shenyang, Shanghai, Wuhan, Ningbo,
and Beijing. By the end of 2008 we plan to have 40 hotels
under our brand, and 200 by the end of 2010.

    In the Future, Vantage plans to look for different
kinds of partnership styles, and the partnerships will have
long-term hotel development goals, not just be a short-term
moneymaker. Furthermore, Vantage Group is concerned about
the full management style of the hotel to ensure brand
quality and reputation.

    In the cooperation mode, Vantage will send professional
management teams, offering Technical, Sales & Marketing,
Training and Purchasing support including a PMS system at no
cost. 



    For more information, please contact:

     China: 
     Jessica Wu
     Room 2208, No. 738 DongFang Road 
     YUAN Mansion, Pudong Shanghai, 200122 
     Tel:   [phone] 
     Fax:   [phone]
     Email: [e-mail] 
     Web:   http://www.lexingtoncollection.com   
            http://www.americasbestvalueinn.com