Beginning with one hotel contract in Virginia Beach Virginia in 1986, Gold Key | PHR Hotel & Resorts has quickly grown to an incredibly solid and
formidable presence in the competitive Mid-Atlantic hospitality industry. Our impressive growth - increasing revenues by $100 million - is not by accident;
instead, it has come through a clear vision for the future, through a strong management team that can develop and close the biggest of development deals, and
by hiring and training the very best people. Our success story although rich and impressive is by no means complete, not by a long shot!
| 1986: | | Founded by Bruce Thompson, Awarded Two Hotel Management Contracts |
| 1988: | | Grand Opening of the Comfort Inn |
| 1990: | | Opened Beach Quarters (first timeshare property) with sales in excess of $50 million |
| 1992: | | Developed Mahi Mah's, an award-winning restaurant. Created Reservation Plus, a city wide
reservation system |
| 1994: | | Received 4 franchise awards |
| 1996: | | Increased revenues 50% over 1995, 300% over 1994 |
| 1997: | | Began construction on Turtle Cay Resort |
| 1999: | | Expanded to Outer Banks with purchase of Nags Head Beach Hotel |
| 2001: | | Broke ground on mixed-use Boardwalk Resort Hotels & Villas |
| 2003: | | Broke ground on $67 million Hilton Virginia Beach Oceanfront. Gold Key Resorts reaches
milestone of 20,000 timeshare owners |
| 2004: | | Broke ground on Phase 1 of $100 million Ocean Beach Club. |
| 2005: | | Opened Hilton Virginia Beach Oceanfront and Ocean Beach Club |
| 2006: | | Broke ground on Phase 2 of Ocean Beach Club |
| 2010: | | Goal: Double in profitable sales from 2005 levels |
