Value Place - Franchising.com
Quick Business Facts
Founded: 2001
Industries: , , ,
Resources: » Consumer Information

About Value Place

Value Place is the nation’s fastest-growing extended-stay hotel brand with nearly 200 hotels open and under development in 35 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 short-term lodging, the brand delivers an unparalleled commitment to the comfort, privacy, and peace of mind of each guest.

Company History

In 2001, entrepreneur Jack DeBoer — known in the industry as the originator of extended-stay lodging and founder of Residence Inn, Summerfield Suites and Candlewood Suites — recognized a void in the economy segment of the hotel industry. He saw plenty of mid-priced and upscale properties with fees and amenities designed for Fortune 500 business travelers and family vacationers. However, for small and midsized business owners, and those on the move in their own community, there weren't a lot of practical options.

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