News for the Hospitality Executive
WICHITA, Kan. (May 16, 2013) – Value Place, the nation’s largest economy extended-stay lodging chain, honored a select group of franchisees, properties and property managers earlier this month for their outstanding performance over the past year. The company awards were presented at the 2013 Value Place Annual Conference in Chicago.
Value Place corporate personnel, franchisees, property management companies and key partner sponsors attended the ninth annual “New Heights – New Horizons” event, which serves as a forum to discuss and share best practices. The conference also provides an opportunity to recognize and celebrate system-wide, corporate and individual achievements.
“We witnessed many great achievements during 2012,” Dan Weber, Value Place CEO, said. “Our system maintained strong occupancy levels, expanded into new markets and was rewarded for our performance with a substantial jump in the annual Entrepreneur Franchise 500 ranking.”
Weber noted that Value Place successfully courted a $100 million private equity investment from Lindsay Goldberg LLC that he said will pave the way to even more expansion and enhancements. “With our Williston, N.D., opening, we demonstrated our ability to help strategic partners capitalize on emerging market opportunities,” Weber added.
“These and other accomplishments were all achieved largely as a result of the quality and commitment of the strategic-partners and property management companies whose efforts are embodied by these awards,” he said.
Weber and Kyle Rogg, Value Place President and Chief Operating Officer, presented awards for:
Value Place has franchise opportunities available throughout the United States to qualifying investors. For more information, call (316) 630-5505, or visit ValuePlace.com.
About Value Place Franchise Services LLC
Founded in 2002, Value Place is an economy extended-stay lodging brand that features remarkably affordable weekly rates, rigorous cleanliness standards and secure temporary lodging with an unparalleled commitment to the comfort, privacy and peace of mind of each guest. Value Place currently has 181 locations open in 32 states. Since opening the first Value Place property in 2003, 50 franchise groups have committed to build over 300 properties by 2015. For more information, contact Value Place at (316) 630-5505 or visit ValuePlace.com.
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