Value Place breaks ground outside Ft. Lauderdale

Extended-stay brand Value Place has broken ground to develop a hotel at in Davie, Fla., the first Value Place hotel in the greater Fort Lauderdale region and the 21st hotel in Florida. The 124-room hotel has a projected opening date of spring 2015.

“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.”

Once completed, the four-story hotel will have such guest amenities as laundry facilities, modified kitchens and high-speed Internet.

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Value Placde has nearly 190 hotels open in 32 states. The company says it is focused on strategic expansion across the U.S., including plans to acquire land for new hotel builds in other metropolitan markets such as Philadelphia, Pittsburgh, Miami, and Atlanta.

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The company has hotels in Georgia and Texas slated to open in coming years.

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