November 12, 2014 – WILKES BARRE, Pa. – Value Place, the nation’s largest economy extended-stay hotel brand, has partnered with franchisee Posh Properties to develop a hotel located in the Bear Creek Commons section of Wilkes Barre, Pennsylvania. This will be the second Value Place property in Pennsylvania, joining a location in Bethlehem.
“Our development group chose Value Place because we see the importance of partnering with a franchise company that has skin in the game,” said Joe Posh, Managing Partner of Posh Properties. “With a consistent track record of success in the hospitality sector, Value Place was the right decision for us.”
Posh Properties has been an award-winning commercial development and building company in the Lehigh Valley for 25 years. In 2006, they received the Commercial Developer of the Year award from the Lehigh Valley Chamber of Commerce, recognizing their development of commercial properties throughout Northeast Pennsylvania.
“Posh Properties is a great franchise partner for Value Place as we continue to aggressively expand our footprint in the Northeast region of the United States,” said Ron Burgett, Executive Vice President of Franchise Development at Value Place.
Extended-stay hotels are an appealing option for government employees, construction workers, and other business travelers whose careers require them to travel and stay for extended periods of time.
Value Place is focused on strategic expansion across the U.S. through corporate- and franchise-owned development. Over the next three years, expansion plans include the acquisition of land to build corporate and franchised properties in markets including Miami, Philadelphia, Fort Lauderdale, Boston, Atlanta, Chicago, Minneapolis, Los Angeles, Seattle, and Portland.
With nearly 200 hotels open in 32 states, Value Place has emerged as a leader in the extended-stay segment. The brand continues to garner national recognition, and was recently named by Forbes magazine as the top hotel franchise in the U.S., one of 2014’s Top 500 Franchises by Entrepreneur Magazine, as well as one of Franchise Business Review’s Top 50 Franchises for four consecutive years. For more information about franchise opportunities visit www.ValuePlace.com/Franchise or call 866-645-3726.
