October 20, 2014 // Franchising.com // WICHITA, Kan. - Value Place, the nation's largest economy, extended-stay hotel brand, today announced the appointment of Stuart Becker to Executive Vice President and Chief Financial Officer, effective Monday, October 13, 2014.
In this role, Becker will oversee the company's finance and accounting functions and will be responsible for the financial management, planning, and operations for each of the brand's core departments, including property management, real estate and franchise development, construction, and franchise and legal services. Becker will leverage his past experience with lenders and private equity sources to identify additional financing to support the continued development of new Value Place properties across the country.
"We are delighted that Stuart Becker is joining our team," said Bruce Haase, Chief Executive Officer at Value Place. "Stu's experience in the real estate investment and development sectors, coupled with his powerful track record leading successful brands as CFO, makes him the clear choice to help Value Place create additional value and grow the brand nationally. We look forward to Stu using his expertise to further define and communicate our strong value proposition."
Becker is the latest to join the growing Value Place executive team, which has made a number of high-profile talent acquisitions in recent months as the brand continues to rapidly expand its footprint. He brings with him four years of experience serving as a CFO at Summit Hotel Properties Inc., a publicly traded hotel real estate investment trust.
"There is no better opportunity to join Value Place and its leadership team than at this point in its development," said Becker. "Value Place is a brand with tremendous proven capabilities, talented people, and a market leadership position in this fast-growing segment of the hotel industry. I see a great opportunity to continue building on the company's success as the largest brand in the economy, extended-stay segment."
Becker has 30 years of expertise in finance and private equity. Before his tenure at Summit, Becker spent three years as partner and CFO of Summit Green Tiger, LLC, a privately-held investment company. Becker earned a Master of Business Administration degree from the University of Nebraska Omaha, and holds a bachelor's degree in business administration from the University of South Dakota.
With nearly 190 hotels open in 32 states, Value Place has garnered national recognition for the success of its franchise operations. The brand was recently named by Forbes magazine as the top hotel franchise in the U.S. Value Place was also recognized as 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.
Value Place is the nation's largest economy extended-stay hotel brand with nearly 190 hotels located in 32 states. The company owns 80 of the properties and provides management services for both company- and franchise-owned locations. Featuring remarkably affordable weekly rates, rigorous cleanliness standards and secure short-term lodging, the brand delivers an unparalleled commitment to the comfort, privacy, and peace of mind of each guest. For more information, contact Value Place at (316) 631-1370 or visit ValuePlace.com.
SOURCE Value Place
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Value Place is the nation's fastest-growing extended-stay hotel brand with nearly 200 hotels open and under development in 35 states.