Value Place Looks to Expand in Cleveland Metro Area
Friday August 23rd, 2013 - 9:23AM BG
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CLEVELAND, OH—Value Place plans to expand its brand in the metro area here, seeking to add six corporate properties over the next two years.
Construction on the first 124-unit property is planned for January.
The company currently has three hotels in Mentor, Akron-Green and Avon, OH.
Value Place plans to acquire land and build corporate-owned hotels in other metro markets over the next three years, including Atlanta, Boston, Denver and southeast Florida, according to the company.
Value Place currently has 184 locations open in 32 states.
Tags: • Hospitality • Brands • Construction/Renovation •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.