Value Place Enters Washington State with 25 New Hotels

Value Place and West77 Partners enter into Multi-Unit Agreement

January 06, 2015 // Franchising.com // WICHITA, Kan. - Value Place, the nation's fastest growing, extended-stay hotel brand, has entered into an agreement with West77 Partners, LLC to develop up to 25 hotels across the state of Washington.

The Bellevue, Washington-based West77 Partners has entered into a development agreement with Value Place Franchise Services LLC, which includes the construction of multiple hotels in Washington State over the next four years. The first three hotels are expected to break ground in the spring of 2015 within the Seattle MSA.

West77 Partners and its partner company, San Francisco-based Keystone National Group, LLC, are well known in the region for their proven track record in both multifamily and commercial developments.

"Value Place is a great fit for West77 Partners. Investing in real estate transactions with a hospitality focus has been a goal for some time now," said Mike Nielson, Principal at West77 Partners. "Value Place has a proven track record and precise operating model that attracted us. With a stronger expected return on investment than more traditional, nightly-stay hotels, coupled with our ability to build out a new region of the country for Value Place, we feel we have the right franchise partner."

Value Place Property Management plans on managing the new West77 Partners portfolio.

"This dynamic development group has the energy and expertise to aggressively introduce our unique hotel concept to a new customer base in the Pacific Northwest," said Bruce Haase, CEO for Value Place. "Partnering with West77 Partners in the state of Washington is a fantastic opportunity for both of us."

With nearly 200 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 named by Forbes magazine as the top hotel franchise in 2014 in the U.S., one of 2014's Top 500 Franchises by Entrepreneur Magazine, as well as one of Franchise Business Review'sTop 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 200 hotels located in 32 states. The company owns 82 of the properties and provides management services for both company- and franchise-owned locations. Featuring remarkably affordable weekly rates, rigorous cleanliness standards and secure 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

Contacts:

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

Leigh Minnier
Media Relations
Associate Vice President
610-228-2108
Leigh@GregoryFCA.com

###

Share this Story:

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

BrightStar Care
A small Investment that can Pay Big Dividends! Brightstar Care Franchise is a low overhead, quick to break-even, fast ramp-up, repeat customers.
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
Spavia Day Spa
The Spavia Day Spa business model is built around 10 years of experience, giving you the tools and support you need to accomplish your personal and...
Blink Fitness
At Blink Fitness, exercise isn't just about looking good, it's also about how it makes you feel.
Bacon Bros. Public House
Bacon Bros. Public House prides itself on quality, locally sourced ingredients in addition to our award winning entrees, in-house smoked meats and...

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2017. All Rights Reserved.

In Loving Memory Of Timothy Gardner (1987-2014)