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April 28, 2015 12:36 AM ET

Hotels, Restaurants and Leisure

Company Overview of Value Place LLC

Company Overview

Value Place LLC operates a hotel chain in the United States. The company offers rooms; and franchising opportunities to developers and entrepreneurs. It provides lodging services for business professionals, families, housing transitioners, leisure travelers, and military personnel. The company was founded in 2002 and is based in Wichita, Kansas.

8621 East 21st Street North

Suite 250

Wichita, KS 67206

United States

Founded in 2002

Phone:

316-631-1370

Fax:

316-631-1333

Key Executives for Value Place LLC

Chief Executive Officer
Age: 53
Founder and Chairman
Age: 83
Chief Financial Officer and Executive Vice President
Age: 52
Chief Operating Officer
President of Value Place Franchise Services LLC
Compensation as of Fiscal Year 2014.

Value Place LLC Key Developments

Value Place Opens New Hotel in Virginia Beach, VA

Value Place has announced the opening of a newly-constructed hotel in Virginia Beach, Virginia. Value Place has partnered with Sandpiper Virginia Beach, LLC to open the new hotel on March 2nd. This newest opening increases the brand's hotel count in Virginia to eight, with locations in Richmond, Gainesville, and Manassas, among others. The Value Place hotel is located at 4800 Alicia Drive, near the Virginia Beach Expressway. The location will provide an affordable lodging option with convenient access to the various opportunities and amenities that Virginia Beach and the surrounding region have to offer. The four-story, 124-room hotel will feature such guest amenities as laundry facilities, high-speed wireless Internet, modified kitchens, and the cleanliness, safety, and security that a Value Place provides to every guest.

Value Place Announces New Hotel in Hobbs, New Mexico

Value Place has announced the grand opening of a newly constructed hotel in Hobbs, New Mexico. Value Place has partnered with Hobbs VP Investors, LLC in the development of the new hotel, which officially opened to the public on January 30, 2015. The Value Place hotel will be located on 5100 North Lovington Highway near the Lea County Event Center, a popular site often used for conventions and other large professional meetings. This is Value Place's third hotel in the state, joining hotels in Albuquerque and Las Cruces. The four-story, 124-room hotel will feature such guest amenities as laundry facilities, high-speed wireless internet, modified kitchens, and the cleanliness, safety, and security that a Value Place provides to every guest. The Hobbs hotel will further enhance the Value Place brand by serving customers who are interested in both short-term and long-term lodging options in the southeastern region of New Mexico.

Value Place Announces Revenue Results for the Fourth Quarter and Full Year 2014

Value Place announced revenue results for the fourth quarter and full year 2014. For the quarter, the company revenue increased by 23.9% to $28.4 million as compared to the fourth quarter of 2013. For the year, the company's revenue increased by 50.9% to $108.8 million when compared to full year 2013.

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