Tuesday, 04 29, 2014
Joe Hall 502-564-4886
National lodging services company to expand
headquarters, invest $5.5 million
“It’s always exciting to see a
business grow its global presence in Kentucky,” said Gov. Beshear. “Creative
Lodging Solutions’ innovative services are having a big impact on national
business travel. I’m proud they’ve decided to expand their roots in the Commonwealth,
providing more jobs to Kentuckians.”
is moving from an 18,000-square-foot facility on Harrodsburg Road to 60,000
square feet of the former Kroger building in Beaumont. CLS currently employs
134 people and is expected to almost double its workforce in the next four
years. The company also plans to invest nearly $5.5 million in the project.
“I am committed to
growing our business in Kentucky and appreciate the assistance we have received
from the state of Kentucky and economic development,” said Mike Tetterton,
owner and president of Creative Lodging Solutions.
Founded in 2002, CLS
provides customized lodging programs for corporate clients nationwide,
specializing in long-term and project-based stays for business travel. The
company was recognized as one of the top private job creators in America in
2012 by Inc. Magazine’s Hire Power Awards. It has been named to the Inc. 5000
list of the most entrepreneurial and fastest-growing companies in America the
past four years. CLS was also crowned the 2011 Small Business of the Year by
Commerce Lexington Inc. and was recently designated by the Kentucky Chamber of
Commerce as one of the Best Places to Work the fifth year in a row.
encourage the investment and job growth in Fayette County, the Kentucky Economic
Development Finance Authority preliminarily approved the company for tax
incentives up to $1.7 million through the Kentucky Business Investment program.
The performance-based incentive allows a company to keep a portion of its
investment over the term of the agreement through corporate income tax credits
and wage assessments by meeting job and investment targets.
jobs is our top priority,” said Lexington Mayor Jim Gray. “When a local company
grows, it’s always a sign that we’re doing our job – creating the environment
that attracts new companies and encourages local companies to grow.”
great to see a company expanding in Lexington,” said Sen. Alice Forgy Kerr, of
Lexington. “Doing this shows a commitment to our community and its people – and
an investment in its future.”
“Commerce Lexington is excited to
celebrate Creative Lodging Solutions’ expansion in Lexington,” said Bob Quick,
Commerce Lexington Inc. president and CEO. “We have enjoyed working with this
dynamic headquarters and appreciate the jobs they are creating in our
community. Congratulations to Creative Lodging Solutions on their
more information on Creative Lodging Solutions, visit https://yourcls.com
Information on Kentucky’s economic
development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can
also join the discussion on Facebook
or follow on Twitter. Watch
the Cabinet’s “This is My Kentucky” video on YouTube.
community profile for Lexington (Fayette County) can be viewed here.