Value Place- A Hotel/Apartment Fusion
Hotel and Leisure Advisors has completed numerous studies for various extended-stay hotels over the past several years. My colleagues and I have noted that one new brand to enter the market Value Place differs notably from the other extended-stay brand offerings in terms of expense margins, amenities, cost to build, price point, and customer base. In short, Value Place looks like a hotel, but acts more like an apartment complex.
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