Tuesday, 04 29, 2014
National lodging services company to expand headquarters, invest $5.5 million
FRANKFORT, Ky. – Governor Steve Beshear today announced Creative Lodging Solutions LLC (CLS), a national travel company based in Lexington, will expand to a new facility in Fayette County and add 120 new jobs.
“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.”
CLS 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.
To 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.
“Creating 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.”
“It’s 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 success.”
For 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.
A detailed community profile for Lexington (Fayette County) can be viewed here.