Spokane-based small business ranked 930 on national fastest-growing companies list.
Press Release – updated: Sep 13, 2018 20:51 EDT
SPOKANE, Wash., September 13, 2018 – For the third year in a row, upscale travel apartment provider Stay Alfred joins brands like Dell, Domino’s Pizza, LinkedIn, Microsoft, Pandora, Timberland, Yelp and Zillow as a member of the Inc. 5000 – Inc. Magazine’s annual list of the nation’s fastest-growing private companies.
With $34.8 million in revenue in 2017 and 532 percent year-over-year annual revenue growth rate, Stay Alfred has earned some noteworthy rankings on the Inc. 5000 list:
- 930 on the entire annual
- 10th out of 67 travel and hospitality brands
- 19th out of the 101 Washington-based companies
Currently, Stay Alfred operates more than 1,300 upscale, professionally managed travel apartments in 27 cities and is continuing its trajectory of rapid expansion.
Making the list three years in a row not only demonstrates that travelers want the kind of accommodations we provide but also that commercial real estate developers and property management companies understand the positive impact Stay Alfred can have on their assets. We've set an ambitious growth strategy for new and existing markets and are seeing increased interest from national developers and property management firms who didn't even know our business model existed. We're bringing the travel apartment concept to the mainstream.
CEO, Stay Alfred
“Making the list three years in a row not only demonstrates that travelers want the kind of accommodations we provide but also that commercial real estate developers and property management companies understand the positive impact Stay Alfred can have on their assets,” Jordan Allen, CEO of Stay Alfred, said. “We’ve set an ambitious growth strategy for new and existing markets and are seeing increased interest from national developers and property management firms who didn’t even know our business model existed. We’re bringing the travel apartment concept to the mainstream.”
In addition to rapid inventory growth, Allen credits new, proprietary tech innovations for the company’s success, including a dynamic revenue-management platform and a recently launched website featuring industry-leading features like the ability to book multiple rooms and trips at once. The company is also launching a native app for iPhone and Android users that will support the entire guest experience, including trip management and local fave recommendations.
“Our ranking on this milestone list is a testament to the hard work of hundreds of employees and the dedication of our entire team,” said Allen. “Together we’re going to continue to grow and do better.”
To view the complete 2018 Inc. 5000 list, visit inc.com/inc5000/list/2018.
ABOUT STAY ALFRED
Stay Alfred offers upscale travel apartments in the walkable downtown neighborhoods of 27 U.S. cities and counting. Our next-generation booking process, 24/7 customer service and professional housekeeping staff provide guests with the reliability of a hotel stay, while our spacious accommodations with a kitchen, laundry and private bedrooms provide guests with the convenience of an apartment. We live to provide “Your place in the city.” For more information, visit StayAlfred.com.
Source: Stay Alfred
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