The Dow Hotel Company Named to Inc. Magazine’s 5000 Fastest Growing Private Companies in America (United States)
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The Dow Hotel Company Named to Inc. Magazine’s 5000 Fastest Growing Private Companies in America (United States)
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Category: North America & West Indies / Carribean islands - United States - Exclusive experiences
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This is a press release selected by our editorial committee and published online for free on 2008-12-11
Highest Ranked Hotel Company on the List with 94% Increase in Revenues
The Dow Hotel Company (DHC), a hotel owner/investor and hotel management company, today announced that it was named to Inc. Magazine’s 5000 Fastest Growing Private Companies in America. In addition, the company ranked as the fastest growing hotel company and one of the top 10 travel companies.
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007. DHC posted a 94 percent increase in revenues over that period.
“We have had uninterrupted growth since our founding in 1997,” said Murray L. Dow II, president, The Dow Hotel Company. “Last year saw our biggest improvement which is especially gratifying as we started from a substantial base and the fact that we grew as the economy was slowing.
“The credit for this award goes to our more than 1,700 associates who go out of their way everyday to make guests feel special and unique,” he noted. “We worked closely with our investors, owners and brand partners to achieve the highest possible return on investment for our hotels, both owned and managed. Despite a challenging economy, we look forward to moving up on the list next year.”
Seattle-based The Dow Hotel Company is a hotel owner/investor and operator of first-class, full-service hotels with properties throughout the United States. DHC is currently completing renovations at its Houston and Portland properties totaling more than $15 million. The company’s portfolio of owned and managed properties consists of institutional-grade hotels, under such brands as Marriott, Hilton, Embassy Suites, Sheraton, and Crowne Plaza. The company aggressively seeks to acquire, co-invest with joint venture partners and/or manage mid- to large-size, first-class, full-service hotels, especially those with extensive food and beverage capabilities.
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