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Value Place Breaks Ground on New Hotel in Fort Lauderdale Area

Friday August 15th, 2014 - 12:10PM

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.