Pegasus Group Commits $100 Million to Value Place Extended-Stay Concept
Walnut Creek, Calif., June 2006– Pegasus Group, a Walnut Creek-based real estate investment and management firm has announced plans to build 20 Value Place extended stay hotels within the next four years. Pegasus will build these hotels in the Sacramento,Calif. area, the San Francisco Bay area and the Monterey/Salinas, Calif. area.
About Value Place Value Place is one of the fastest growing brands in the hospitality industry, soon to be represented in 36 states. The hotel chain specializes in providing a lower cost, cleaner, safer and simpler extended stay lodging alternative for Americas growing number of small business travelers and professional consultants, as well as for families who are moving to new communities. More information on Value Place is available at ValuePlace.com
About Pegasus Group
Pegasus Group has successfully developed over $400 million dollars of real estate properties over the last 25 years. Assets held by Pegasus Group include: mobile home parks, self storage facilities operating under the name Central Self Storage, office buildings, industrial warehouse properties and marinas. Tim Davis and Bob Dailey, partners at Pegasus Group, will be responsible for the extended stay concept franchised through Value Place.
Further information regarding Pegasus Group, visit pegasusgroup.net or call or write the firm at (925) 930-0810 or 1148 Alpine Road, Walnut Creek, CA 94596.