May 15, 2013 // Franchising.com // WICHITA, Kan. – 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:
Brand Champion of the Year - The front line team member upholding Value Place Brand Standards with a passionate commitment to doing things the Value Place Way, going the extra mile to make Value Place great for customers every day, showing leadership and motivation of staff members.
Brand Champion of the Year (PMC) – The property management company responsible for at least five locations with the best overall combined average for Best-in-Class Occupancy, increase in revenue per available week and gross operating profit, and overall quality assessment report scores.
Brand Ambassador of the Year – The strategic partner upholding Brand Standards in all areas, leading strategic partners to Value Place and demonstrating commitment to doing things the “Value Place Way”.
Centurion of the Year – The property achieving 100 percent occupancy more times than any other property in the preceding calendar year.
Fastest Ramp-up – The property opening in the preceding calendar year that achieved 100 percent daily occupancy in the shortest amount of time.
Clean & Safe Property of the Year – The property open for at least three months in the preceding calendar year that achieved the highest overall score for implementation of the Value Place CLEAN & SAFE program.
Best Opening of the Year – The property best prepared for its pre-opening authorization inspection, communicated well with the Brand throughout the pre-opening process and was most resident-ready at opening.
Can-Do Construction – The strategic partner with perseverance to get the job done despite all odds, achieving a relatively on-time construction start while maintaining Value Place Brand Standards to ensure a Clean and Safe product at opening.
Excellence in Customer Satisfaction – The property with the highest average on guest surveys across six categories: overall experience, overall service, overall accommodations, value for price paid, willingness to return and likelihood of recommending to friends and family.
Best-in-Class Award – The highest-ranked property in terms of occupancy, total income, gross operating profit, revenue per available week, customer service and quality and scores.
The company’s Super Star Certificates went to franchise properties in Austin, Texas (Braker location); Lexington, Ky.; Midland, Texas; Raleigh, N.C. (North location); and St. Charles, Mo. The awards recognize consistent achievement above 90 percent in both Occupancy and Clean and Safe scores throughout the year.
Value Place has franchise opportunities available throughout the United States to qualifying investors. For more information, call (316) 630-5505, or visit ValuePlace.com.
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.
SOURCE Value Place
GRiP Communications LLC