Value Place opens 175th property, first in Nevada

18 Feb, 2011

Las Vegas — Value Place announced the grand opening of its first location in Nevada, at 5300 E. Craig Rd., in Las Vegas. The opening marks the brand’s 175th property built in 27 states in approximately seven years. It is the first of 10 properties the company plans to open in the Las Vegas area.

"Value Place is proud of our teams and Strategic-Partners who have worked hard over the past few years to set unprecedented growth in our segment," said Greg Kossover, CEO of Value Place.

With 242 rooms, the new hotel will be the largest Value Place in the country. The property offers three room plans: a studio, a double, or a studio with sofa sleeper. Services included in the weekly rate, which starts at $189.99, include a full kitchen, expanded cable with a premium movie channel and bi-weekly studio cleaning. Additional cleaning and linen service, high-speed Internet access, and dish packs are available for a nominal fee. There is onsite guest laundry and vending.

"We expect guests at this property to be government officials, contractors who have business with the base, and active duty military in need of transitional housing," continued Kossover. "We’re very proud to offer affordable, cleaner lodging to those serving our country and the military."

In addition to developing all new properties at a rapid pace, Value Place is also seeing record system average occupancy rates. The company attributed its sustained growth and success to the dedication of its 47 franchise groups that have committed to build the Brand to more than 300 properties over the next five years and uphold Value Place’s rigorous quality standards.


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