PBN Fastest Growing Companies 2022
4. $75 MILLION AND ABOVE: Lafrance Hospitality Corp.
CEO (or equivalent): Richard Lafrance
2021 revenue: $75.9 million
2019 revenue: $65.7 million
Revenue growth: 15.5%
WITH SO MANY PLANS put on hold during the COVID-19 pandemic, Lafrance Hospitality Corp. is making up for lost time, and revenue, with one of the best hotel services of all – weddings.
“We’ve seen pent up demand in our wedding activity both in hotel room nights, as well as hosting weddings at our various venues,” CEO Richard Lafrance said.
The Westport-based hospitality group even opened the Westport Marriott Towne Place and the Mansfield Fairfield Inn within the last two years and now serves as management oversight of Tru by Hilton in Manchester, N.H.
As a result, Lafrance welcomed a 15.5% revenue increase last year compared with 2019.
Additionally, the company developed two take-out restaurant concepts to supplement its food take-out business, Lafrance said. He noted that both Back Door Burgers and Cockpit Charlie’s have continued to grow in volume.
Lafrance forecasts an additional 10% growth in revenue over last year.
