ABERDEEN, SD – AUGUST 22, 2018—Inc. magazine recently revealed that My Place Hotels is No. 1483 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing companies. Achieving three year growth of 317 percent in revenue, My Place also earned Inc. 5000 honors as a top growing company in the burgeoning Travel & Hospitality Industry as well as in South Dakota, home of its corporate headquarters.
“The inclusion of our company in the 2018 Inc. 5000 list serves as a testament to the tremendous work our team continues to dedicate to our culture, relationships and development,” said President and CEO, Ryan Rivett. “As a result, this tangible momentum shows no signs of letting up in the foreseeable future, which is very exciting. As we move the needle above and beyond 100 franchises in the near term, my sense is that the best is truly yet to come.”
The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. The 2018 list is ranked according to percentage growth when comparing 2014 and 2018. Since launching the franchise system in 2014, My Place has quickly grown a pipeline over 120 hotels with over 60% of franchisees executing multiple agreements.
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
My Place Hotels currently has 43 hotels open and operating across 21 states with a near-term pipeline of 75 additional hotels and midterm commitments for upwards of 40 more hotels to follow.
My Place Hotels of America is a franchise company that focuses on providing a clean and comfortable facility, with modern amenities, and great customer service, all at an affordable price. The company is based out of Aberdeen, SD, and offers franchisees a new construction brand, designed to ensure quality, consistency and the highest of standards for delivering marketplace value.
For more information on becoming part of our growing franchisee family, please visit myplacehotels.com or contact Terry Kline at (605) 725-5685.
Ngoc Thach / My Place Hotels of America