Stay Alfred Named to the Inc. 5000 List for 4th Consecutive Year
Spokane-based, Short-term Rental Pioneer Ranked 1,030 on National Fastest-growing Companies List
SPOKANE, Wash., September 3, 2019 (Newswire.com) - For the fourth year in a row, Stay Alfred, the hospitality startup that pioneered the travel apartment concept in the alternative accommodation space, joins Microsoft, Timberland, Vizio, Intuit, Chobani, Oracle and Patagonia, among other top brands, as a member of the Inc. 5000 - Inc. Magazine’s annual list of the nation’s fastest-growing private companies.
“We’re incredibly honored to be named to the Inc. 5000 list four years in a row,” said Jordan Allen, CEO and founder of Stay Alfred. “2018 was a monumental year for Stay Alfred. We’re seeing an interest in and acceptance of our hospitality model that we have long dreamed of. This achievement is a testament to the exceptional guest experience fostered by our team, combined with strong developer partnerships that enable expansion in the country’s prime properties.”
The Inc. 5000 list represents the most successful companies within the American economy’s most dynamic segment — its independent small businesses. With $66.5 million in revenue in 2018 and 409% year-over-year annual revenue growth rate, Stay Alfred has earned noteworthy rankings on the list:
- 1,030th on the list
- 8th out of 57 travel and hospitality brands
- 35th out of the 144 Washington-based companies
Stay Alfred partners with multifamily developers, property management companies, and real estate investment trusts to accelerate lease-up and improve net operating income (NOI) of multifamily assets via long-term leases, then operates the leased units as traveler accommodations.
Prior to raising $67 million in outside capital in 2017-2018, Allen, a former Army Ranger, bootstrapped Stay Alfred to $25 million in revenue. Since 2011, Stay Alred has expanded into 33 cities with over 2,500 units in only the best walkable downtown neighborhoods. The 300-person company has hosted more than 700,000 travelers across the nation. Each unit combines the quality, consistency and guest support of a hotel with the lifestyle amenities of upscale residential buildings in walkable neighborhoods, allowing guests to “live like locals.”
The latest Inc. 5000 ranking comes on the heels of CEO Jordan Allen winning the Entrepreneur of the Year award from EY and Stay Alfred being named one of Washington’s Best Workplaces by the Business Journal.
To view the complete 2019 Inc. 5000 list, visit inc.com/inc5000/list/2019.
About Stay Alfred
Established in 2011, Spokane, Washington-based Stay Alfred pioneered the concept of the travel apartment by providing travelers with the space and comforts of an upscale apartment with the consistency and reliability of a hotel stay. The company has grown to over 2,500 units in 33 walkable cities and has hosted more than 700,000 guests. Founded and built by a former Army Ranger, Stay Alfred lives to offer travelers "your place in the city." For more information, visit StayAlfred.com.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
Source: Stay Alfred
Categories: Real Estate