Proximity Hotel In Greensboro Now Employee Owned

Some of the top-rated hotels and restaurants in Greensboro are now owned by employees. The founders of Quaintance-Weaver Restaurants and Hotels (QW) announced Thursday that it is now 100 percent owned by its 600 staff members.

According to the QW, the biggest benefit to staff members will be the retirement benefits provided by their participation in the QW Employee Stock Ownership Plan Trust. After one year with the company, staff members age 18 and older who work more than 20 hours weekly can start accruing retirement funds. They will be fully vested after just three years.

More than 50 staff members at QW have been with the company for more than 10 years.