Value Place, the largest economy extended stay lodging franchise in the U.S., announced today that Dan Weber has been appointed as CEO to lead the Value Place Brand in its next stage of growth. Mr. Weber succeeds CEO Greg Kossover, who will become the newest Value Place franchisee. Kossover will continue to serve as an advisor to the company through the end of the year to assist with the transition. The announcement was made today by Chairman and Founder of Value Place, Jack DeBoer.
DeBoer highlighted Kossover’s long-standing association with the Value Place Brand and its future by stating,“I want to thank Greg for his many years of dedicated leadership. It is very exciting to have Greg remain closely associated with the company as the newest addition to our franchise community. We are also thrilled to have a highly respected executive of Dan’s stature join the Value Place team. Dan’s extensive real estate and capital markets experience will be instrumental to Value Place as we focus on expanding our portfolio of corporate and franchise properties across the United States.â€