Value Place partners with Holladay Properties to build multiple Chicago hotels

Value Place signed a long-term development agreement with Holladay Properties to build multiple hotels in the Chicago area. 

The South Bend, Indiana-based Holladay Properties entered into a development agreement with Value Place Franchise Services to develop 15 hotels in the Chicagoland area within the next 60 months, with the potential to build additional properties. The first hotel is on track to break ground Spring 2015. 

Holladay’s Northwest Indiana office will lead the site selection and development effort and will also utilize its architectural services. 

FREE DAILY NEWSLETTER

Like this story? Subscribe to Operations!

Hospitality professionals turn to Operations as their go-to source for breaking news on guest rooms, food & beverage, hospitality trends, management, and more. Sign up today to get news and updates delivered to your inbox daily and read on the go.

Suggested Articles

McKibbon Hospitality manages the 200-room Hyatt House Chicago/West Loop-Fulton Market.

The Four Seasons Hotel San Francisco at Embarcadero will replace the Loews Regency San Francisco in 2020.

As much as sustainability is deemed a goal to satisfy consumer demands, the main concern remains the impact it will have on profitability.