Value Place, the largest economy has broken ground to develop a hotel at 5700 Reese Road in Davie, Florida. This will be the first Value Place hotel in the greater Fort Lauderdale region and the 21st hotel in Florida.
“The south Florida metro area is growing, as evidenced by income and job growth in key employment areas critical to Value Place, such as construction,” said Kyle Rogg, COO of Value Place. “The economy extended-stay hotel space is strong, with both attractive rate and occupancy levels. We believe our unique balance of affordable price and high quality will appeal to workforce travelers as well as other price-conscious visitors to the area.”
The projected opening date for the hotel is spring 2015 and will be located at the intersection of Interstate 495 and the Florida Turnpike. Once completed, the new four-story, 124-room hotel will feature such guest amenities as laundry facilities, modified kitchens, high-speed internet, and the cleanliness, safety, and affordability that the Value Place brand provides to every guest.
With nearly 190 hotels open in 32 states, Value Place has emerged as a leader in the economy extended-stay segment. Value Place is focused on strategic expansion across the U.S., including plans to acquire land for new hotel builds in other metropolitan markets such as Philadelphia, Pittsburgh, Miami, and Atlanta, to name just a few.
The company continues to garner national recognition, and was recently named one of 2014’s Best Franchises in America by Forbes, 2014’s Top 500 Franchises by Entrepreneur Magazine, as well as one of Franchise Business Review’s Top 50 Franchises for four consecutive years.
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