Value Place Breaks Ground on New Hotel in Fort Lauderdale Area
Friday August 15th, 2014 - 12:10PM GB
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DAVIE, FL—Value Place has broken ground to develop a hotel here. 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 amenities such as laundry facilities, modified kitchens and high-speed Internet.
Tags: Value Place • Florida • Hospitality • Brands • Construction/Renovation •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.