In 2016, Vantage Hospitality Group was acquired by Red Lion Hotels Corporation.

[4] As of August 2015[update] Vantage planned to re-launch the then inactive Signature Inn brand as a budget chain, with newly constructed properties.

[5][6] On September 14, 2016 the Red Lion Hotels Corporation announced it was acquiring Vantage for $23 million.

[7] On December 30, 2020, it was announced RLHC would be acquired by Sonesta International Hotels Corporation.

The current Budgetel was established in Atlanta, Georgia in 2007 by brothers Mike and R. C. Patel who bought the brand from Blackstone Group.