Investment Characteristics

We look for companies that meet all the criteria below and with our diverse operating history, we remain opportunistic to investing in businesses outside our seven key industries.

COMPANY

  • Profitable companies under $100 million in revenues
  • Significant, organic and/or acquisition growth potential
  • Leading market position with a defensible product or service that competes on more than price
  • Value-based employee culture with a customer and goal oriented focus

MARKET

  • Primarily Southeastern US but will consider anywhere in US
  • Industry neutral
  • Niche markets where the larger market participants are not as focused or cannot compete

OWNERSHIP / MANAGEMENT

  • Interested in the following investment-stage scenarios:
    • GROWTH investing to enable profitable, growing companies to fund internal growth and/or acquisitions
    • BUYOUTS where owners are looking to exit completely
    • RECAPITALIZATION providing partial liquidation of the owner’s equity position
  • Interested in acquiring a majority or meaningful minority ownership stake, with board involvement
  • A strong management team with a successful track record,
    and looking to retain a meaningful ownership stake
  • Situations where we are typically the first institutional investor

Timeline

Timeline

1952

First Holiday Inn opens

Memphis, TN

1954

First Franchised Holiday Inn

Clarksdale, MS

1957

First Public Offering

120,000 shares at $9.75

1958

50th Holiday Inn opened

Dyersburg, TN

1959

100th Holiday Inn opened

Tallahassee, FL

1960

First International Holiday Inn opened

Montreal, Canada

1963

400th Holiday Inn opened

Montgomery, AL

1964

500th Holiday Inn opened

Johnstown, PA

1964

Holiday Inn listed on the NYSE

1968

First Holiday Inn in Europe

Leiden, Holland

1972

Kemmons on the cover of Time Magazine

Man with 300,000 beds

1979

Kemmons retires from Holiday Inn

1,759 locations in 50 countries