Value Place Opens New Hotel in Cleveland, Ohio

124-room hotel provides a clean, safe, affordable, extended-stay option for travelers.

CLEVELAND - October 13, 2014 - (BUSINESS WIRE) - Value Place, the nation's largest economy extended-stay hotel brand, has announced the grand opening of a newly constructed hotel in Cleveland, located at 20829 Emerald Parkway. This is the brand's 10th hotel in the state and the third serving the Cleveland metro area. The hotel opened to the public effective October 10, 2014. A ribbon-cutting event is planned for October 23, 2014 from 11:30 a.m. to 1:30 p.m. and will offer catered lunch and door prizes to attendees.

"This new hotel is conveniently located for our business travelers near the Hopkins Airport," said Kyle Rogg, President and Chief Operating Officer at Value Place. "As evident through our recent flurry of grand openings across the country, demand for economy extended-stay hotels is on the rise."

Located at the intersection of Interstate 480 and Grayton Road, the new four-story, 124-room hotel will feature such guest amenities as laundry facilities, high-speed wireless internet, modified kitchens, and the cleanliness, safety, and security that a Value Place provides to every guest.

Extended-stay hotels are an appealing option for government employees, construction workers, business travelers, and other workers whose careers require them to travel and stay for extended periods of time.

Value Place is focused on strategic expansion across the U.S. through corporate- and franchise-owned development. Over the next three years, expansion plans include the acquisition of land to build corporate and franchised properties in markets including Miami, Philadelphia, Fort Lauderdale, Boston, Atlanta, Chicago, Minneapolis, Los Angeles, Seattle, and Portland.

With nearly 190 hotels open in 32 states, Value Place has emerged as a leader in the extended-stay segment. The brand continues to garner national recognition, and was recently named by Forbes magazine as the top hotel franchise in the U.S., 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. For more information about franchise opportunities visit www.ValuePlace.com/Franchise or call 866-645-3726.

About Value Place

Value Place is the nation's largest economy extended-stay hotel brand with nearly 190 hotels located in 32 states. The brand owns 78 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:

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

Leigh Minnier
Value Place
Press Relations
610-228-2108
Associate Vice President
Leigh@GregoryFCA.com

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