Value Place Hosting Chicago Executive Reception to Highlight Aggressive Expansion Plans

Nation's largest economy, extended-stay hotel brand to address new development plans with local developers and investors.

CHICAGO - March 25, 2014 - (BUSINESS WIRE) - Value Place, the largest economy, extended-stay hotel brand in the U.S., is entering an aggressive phase of its national growth strategy, and has identified the Chicago area as a key market for the development of new franchise properties.

On April 8th, Value Place executives will meet with local developers, investors, and community leaders at an executive reception held at the Westin O’Hare, located at 6100 North River Road in Rosemont, Ill., to outline the economic potential and entrepreneurial opportunities that Value Place hotels can bring to the region.

"Value Place hotels do more than just offer a solid return on investment," said Ron Burgett, Executive Vice President of Franchise Development at Value Place. "Our hotels help communities grow. We look forward to meeting with interested Chicago-region business and community members to begin building strong, fruitful relationships as we start expanding our national brand to yet another thriving market."

The reception will kick off with a meet and greet starting at 6:00 p.m., followed by an introduction of Value Place executives. Attendees will then receive an overview of the investment and development opportunities that are available among the Value Place brand, and hear about the community benefits that the hotels can bring to the area. The evening will close with an hour of individual meetings between Value Place representatives and guests. All guests will have access to Value Place executives for one-on-one conversation.

With nearly 190 hotels open in 32 states, Value Place has emerged as a leader in the economy extended-stay segment. The company continues to garner national recognition, and was recently named one of 2013’s Top 500 Franchises by Entrepreneur Magazine, as well as one of Franchise Business Review’s Top 50 Franchises for four consecutive years.

To RSVP for the event, contact Sarah Hirsh at SHirsh@ValuePlace.com or 316-630-5519. For more information on franchise opportunities, contact Value Place at (316) 630-5519 or visit ValuePlace.com/Franchise.

About Value Place

Value Place is the nation’s largest economy extended-stay hotel brand with nearly 190 hotels located in 32 states. The company owns 75 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.

Contacts:

Value Place

Company
Robyn Powell
Vice President Franchise Development Marketing
316-630-5531
RPowell@ValuePlace.com

Press
Leigh Minnier
Account Supervisor
610-228-2108
Leigh@GregoryFCA.com

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