Berkeley Heights-based K9 Resorts Luxury Pet Hotel announced it formed a joint venture with its largest franchisee group, Luxury Pet Hotel Investments (LPHI).
Now in effect, LPHI and K9 Resorts have become 50-50 partners in all current corporate-owned locations outside of the flagship location in Fanwood, NJ. LPHI is assuming responsibility of the day-to-day management of the following four resorts: Cherry Hill, Fairfield and Hamilton, in New Jersey, as well as Malvern, Pennsylvania.
“We want to be the best franchisor we can be – a more focused franchisor means more support and increased profit for each of our franchisees,” Jason Parker, co-founder and co-CEO of K9 Resorts said. “This venture reflects our goal of growing our world-class brand and empowering our franchisees to thrive.”
As K9 Resorts experiences consistent interest in its franchise opportunity, the joint venture is a launchpad for growth powered by proven partners and a thriving franchisee-first model.
“We have assembled a great team of executives from across the worlds of large-scale hospitality, entertainment, consumer banking, insurance, pet care, and franchising,” Alan Leibman, co-CEO of Luxury Pet Hotel Investments said. “Additionally, we have found a great brand in K9 Resorts that we truly believe in. Together, we feel that we can build on K9 Resorts’ leading position in the industry and become a household name in premium pet care.”
