Value Place Franchisee Signs Deal For 100 Hotels

Biz Journals:


Florida-based Value Place franchisee, has signed a financing deal with Goldman Sachs to build more than 100 properties.

Value Place is an extended-stay hotel concept based in Wichita and founded by Wichita entrepreneur Jack DeBoer.

Liberty Lodging announced Wednesday that it closed a debt financing facility of up to $360 million with Goldman, which will allow Liberty to build properties in Boston, central Florida, Denver, Indianapolis, Montgomery, Ala., Providence, R.I., Salt Lake City and Springfield, Mass.

Value Place is one of the fastest growing hotels in the country with nearly 560 franchise commitments and more than 40 locations already open.

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