K9 Resorts Luxury Pet Hotel, a pet boarding and daycare franchisor based in Berkeley Heights, has secured a major multi-unit agreement to bring 13 locations to Florida. The deal is with the brand’s largest group of franchisees, Luxury Pet Hotel Investments, LLC.
“Pet ownership is at an all-time high, and there’s a significant demand in Florida for the premium level of care K9 Resorts is so well known for,” shared Phil Nisbet, co-CEO of Luxury Pet Hotel Investments, LLC.
Two locations within this agreement, Wellington and Pompano Beach, are already open. LPHI is targeting desirable development markets for the remaining 11 resorts, including Fort Lauderdale and Miami, and expects the next location to open in 2026.
Florida, with a population of 23.4 million, is now the nation’s third-most populous state and home to four of the country’s top five fastest-growing metropolitan statistical areas, including Miami-Fort Lauderdale-West Palm Beach.
The pet industry continues to grow, with $152 billion spent on pets last year as franchise opportunity in the industry draws aspiring and existing entrepreneurs to areas such as pet boarding and daycare. Allied Market Research said the global pet boarding market was valued at $19.5 billion in 2021, and is projected to reach $35.8 billion by 2031, growing at a compound annual growth rate of 6.4% from 2022 to 2031.
In March of 2024, LPHI made a $10 million investment into K9 Resorts to further its position as the leader in the pet hospitality industry. Currently, the multi-unit franchisees have the rights to open 48 locations across the country with four being currently open and another five in various stages of development. Among them is K9’s first resort in Los Angeles.
K9 Resorts has more than 190 resorts in 28 states operating or in various stages of development. Its first facility opened in Fanwood in 2005.
