Value Place Seeks Land To Develop Six Cleveland-Area Properties

Brand Continues Rapid Expansion across the U.S.

CLEVELAND - Aug. 23, 2013 // PRNewswire // - Cleveland's metro area is the latest region to be the focus of Value Place's continuing rapid expansion across the U.S. In addition to the three existing corporate properties in Mentor, Akron-Green, and Avon, Ohio, Value Place has plans to develop six new corporate properties in the Cleveland metro area over the next two years. The Wichita, Kan.-based extended-stay hotel brand was founded by renowned hotelier Jack DeBoer, creator of Residence Inn, Summerfield Suites and Candlewood Suites.

Construction on the first 124-unit property is planned for January 2014. The company is working with Cleveland-based brokers Greg Slyman and Jason Jarchow of Kelly & Visconsi Associates LLC to explore possible sites and talk with landowners, brokers and commercial real estate firms ( and 216.269.5175 or and 773.632.6349).

Value Place plans to grow aggressively within the Cleveland area and can close immediately on potential sites once a building permit is ready. Local companies will be hired for construction and communities will benefit from incremental tax revenue and from guest spending on food, entertainment, business supplies, fuel and other necessities.

"Value PlaceÕs operating model enables us to grow in any economic environment," says David Redfern, president of Value Place Development LLC. "Further expansion in the Cleveland market has the potential for consistently higher-than-average occupancy, as we offer a previously underserved demographic of guests with Value Place's clean, safe, simple, and affordable accommodations."

Value Place has developed strict guidelines for sourcing real estate. Two-acre sites that meet its requirements for all the following will be considered:

  • Frontage to highways or thoroughfares with daily traffic of more than 50,000, including local and out-of-town traffic.
  • A strong mix of non-retail employers with more than 150 local employees.
  • Households or apartments within the one, two and five-mile area.

Value Place plans to acquire land and build corporate-owned hotels in other metro markets over the next three years, including Atlanta, Boston, Denver and southeast Florida. Interested landowners in these areas may contact Value Place Development at

About Value Place

Founded in 2002, Value Place is the largest economy extended-stay lodging brand in the U.S. Featuring remarkably affordable weekly rates, rigorous cleanliness standards and secure temporary lodging, the brand delivers an unparalleled commitment to the comfort, privacy and peace of mind of each guest. Value Place currently has 184 locations open in 32 states, providing extended stay accommodations that are clean, safe, simple, and affordable. For more information, contact Value Place at 316.631.1370 or visit For franchise opportunity information call 316.630.5519.

SOURCE Value Place



comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

All American Steakhouse and Sports Theater
The All American concept is not only what the consumer is looking for, it’s what they are craving—great quality food with signature steaks in a...
Kono USA
We've taken one of America's favorite foods and made it even better, innovative, authentic, exciting, and now, we're taking the states by storm.
Jiffy Lube
Jiffy Lube® pioneered the fast-lube category more than 35 years ago, changing the way millions of drivers care for their vehicles. Today, Jiffy Lube...
Fast Crafted® Restaurant Brand Specializing in Freshly-Sliced, Deli-Inspired Meats & Sandwiches 
Quaker Steak & Lube®
Founded in 1974 in Sharon, PA, the award-winning casual dining restaurant chain has expanded over 55 locations throughout the United States and Canada
Share This Page

Subscribe to Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.