$159-a-week hotel chain growing at unprecedented rate

Thursday, 21 Aug, 2006 0

Value Place, which offers weekly rates as low as $159, has signed up 500 franchise properties in less than two years.

“This swift growth makes Value Place one of the nation’s fastest growing hotel brands  —  and we’re not stopping here,” said founder Jack DeBoer.

He said his company has committed more than $2 billion to developing the extended stay brand.

There are 23 Value Place hotels already open in 11 states with 17 more under construction. Construction is planned for 40 more properties within 90 days, according to Mr DeBoer.

The properties are a new option for travelers, he said.

The company offers “cleaner, safer, simpler lodging at affordable rates for weekly or longer stays,” he added.

Mr DeBoer’s experience includes founding Residence Inn, Summerfield Suites and Candlewood Suites, according to information from Value Place. He is said to have invented the extended stay concept.

Report by David Wilkening



 

profileimage

David



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...