Value Place to Expand into San Angelo, Texas
SAN ANGELO, TX.—March 27, 2014 – Value Place, the largest economy, extended-stay hotel brand in the U.S., has partnered with Pure Strike Development, LP to develop a hotel in the prospering market of San Angelo, Texas. This will be the first Value Place in San Angelo and the 38th hotel in Texas.
“San Angelo has a diverse business environment that has been experiencing promising economic growth in recent years, especially in the oil and gas sector,” said Ron Burgett, Executive Vice President of Franchise Development at Value Place. “The city also maintains a strong regional presence across many industries, including medical, agricultural and military, that align with our core customer base. We look forward to working with Pure Strike Development to bring them a quality, affordable extended-stay hotel option for their business travel and relocation needs.”
Pure Strike Development brings a high level of expertise to the partnership, blending backgrounds in real estate brokerage, law, and hotel operations. The three principal partners, Pete Kramer, Blake Schauer, and Josh McWilliams, are all graduates of Texas A&M University and first became acquainted with Value Place after seeing the brand’s success in College Station.
“We chose to partner with Value Place because of the proven franchise system they have in place that provides a great product and is in high demand,” says Pete Kramer, President at Pure Strike Development. “After working with other lodging concepts, we recognized the value of the support team and the processes that Value Place offers to franchisees, from site analysis, through construction, to operating the property, and we knew this would be a successful relationship. We look forward to developing a property in San Angelo and continuing to grow with Value Place.”
Once completed, the four-story, 124-room hotel will feature such guest amenities as laundry facilities, modified kitchens, and the cleanliness, safety and security that a Value Place provides to every guest.
Value Place is focused on strategic expansion across the U.S. Over the next three years, expansion plans include the acquisition of land to build corporate-owned hotels in additional metropolitan markets, including Miami, Fort Lauderdale, Boston, Los Angeles, Atlanta, and Dayton.
With nearly 190 hotels open in 32 states, Value Place has emerged as a leader in the extended-stay segment. The company continues to garner national recognition, and was recently named one of 2013’s Top 500 Franchises by Entrepreneur Magazine, as well as one of Franchise Business Review’s Top 50 Franchises for four consecutive years. For more information about franchise opportunities visit ValuePlace.com/Franchise or call 866-645-3726.
About Value Place
Value Place is the nation’s largest economy extended-stay hotel brand with nearly 190 hotels located in 32 states. The company owns 75 of the properties and provides management services for both company- and franchise-owned locations. Featuring remarkably affordable weekly rates, rigorous cleanliness standards and secure short-term lodging, the brand delivers an unparalleled commitment to the comfort, privacy, and peace of mind of each guest. For more information, contact Value Place at (316) 631-1370 or visit ValuePlace.com.
Vice President Franchise Development Marketing