value place
WoodSpring Suites Partners with Jupiter Holdings to Build Two New Charleston Hotels
WoodSpring Suites | July 10, 2015
WICHITA, Kan.--July 10, 2015--WoodSpring Suites, the nation's fastest growing value segment extended-stay hotel brand, has entered into an agreement with one of Charleston, South Carolina's premier real estate development companies, Jupiter Holdings, to build two new hotels in the Charleston market. "Charleston is an excellent market for our brand as proven by the strong performance of the three hotels we already have in the market," said Ron Burgett, Executive Vice President of Development. "There is a strong demand for extended stay lodging in the Charleston market and our brand, with its unwavering commitment to the highest standards...
Value Place Changing Name to WoodSpring Suites and Developing New Brand, WoodSpring Suites Signature
WoodSpring Suites | April 23, 2015
April 23rd, 2015 - Wichita, KS - Value Place, the nation's fastest growing value extended stay hotel brand, announced today that it changed its name to WoodSpring Suites, effective immediately. As well, it is developing a brand extension with a more enhanced offering, WoodSpring Suites Signature, designed to appeal to less price sensitive guests. "Our new brand strategy will foster our ability to further expand our network, gain access to new markets and customer segments, and further drive RevPAR growth for our company owned hotels and development partners," said Bruce Haase, CEO of the brand. "Leveraging our highly profitable operatin...
Value Place Breaks Ground on a 124-room Hotel in San Angelo, Texas with August 2015 Opening Planned
Value Place | February 24, 2015
February 24, 2015 - SAN ANGELO, Texas - Value Place, the nation's fastest-growing extended-stay hotel brand, has partnered with Pure Strike Development LP and CAMTOD Group to build the first Value Place hotel in San Angelo, TX. The property, which will be located at 4013 W Houston-Harte Expressway, broke ground on February 2nd. The San Angelo property will be the 39th Value Place hotel in Texas. "The San Angelo market was chosen due to its diverse employment base and role as a regional healthcare hub," said Blake Schauer, Principal with Pure Strike Development LP. "We believe a Value Place hotel will be a great addition to the community...
Hobbs VP Investors Open New Build 124-room Value Place in Hobbs, New Mexico
Value Place | February 3, 2015
New 124-room hotel provides clean, safe, affordable, extended-stay hotel option in New Mexico Hobbs, N.M.- February 2, 2015 - Value Place, the nation's fastest-growing extended-stay hotel brand, has announced the grand opening of a newly-constructed hotel in Hobbs, New Mexico. Value Place has partnered with Hobbs VP Investors, LLC in the development of the new hotel, which will officially open to the public on February 2nd, 2015. The Value Place hotel will be located on 5100 North Lovington Highway near the Lea County Event Center, a popular site often used for conventions and other large professional meetings. This is Value Place's thi...
Value Place and Gold Coast Premier Properties to Build South Florida Hotel with Plans for More
Value Place | January 12, 2015
January 12, 2015 - WICHITA, Kan. - Value Place, the nation's fastest-growing extended-stay hotel brand, has entered into an agreement with Gold Coast Premier Properties, LLC to build a new Value Place hotel in South Florida, with plans to build additional properties in the future. The first site will be near Zoo Miami in a prime location highly visible from the Florida Turnpike. It is expected to break ground in 2015. Gold Coast's development of the new Value Place hotel takes place at the same time that the corporate brand is building two company-owned locations in the South Florida market. "Gold Coast is a great franchise partner for ...
Value Place and West77 Partners Enter Agreement to Develop 25 Hotels in the State of Washington
Value Place | January 6, 2015
January 06, 2015 - WICHITA, Kan. - Value Place, the nation's fastest growing, extended-stay hotel brand, has entered into an agreement with West77 Partners, LLC to develop up to 25 hotels across the state of Washington. The Bellevue, Washington-based West77 Partners has entered into a development agreement with Value Place Franchise Services LLC, which includes the construction of multiple hotels in Washington State over the next four years. The first three hotels are expected to break ground in the spring of 2015 within the Seattle MSA. West77 Partners and its partner company, San Francisco-based Keystone National Group, LLC, are well ...
Value Place Partners with Holladay Properties to Build 15 Chicagoland Hotels in 5 Years
Value Place | November 24, 2014
November 24, 2014 - CHICAGO - Value Place, the largest economy, extended-stay hotel brand in the U.S., has signed a long-term development agreement with Holladay Properties to build multiple hotels in the Chicago area. The South Bend, Indiana-based Holladay Properties has entered into a development agreement with Value Place Franchise Services, LLC, to develop 15 hotels in the Chicagoland area within the next 60 months, with the potential to build additional properties. The first hotel is on track to break ground Spring 2015. "This development group has the stamina and resources to aggressively grow with us in this area of the country,"...
Value Place & Posh Properties to Develop 124-room Value Place Hotel in Wilkes Barre, Pennsylvania
Value Place | November 12, 2014
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....
