The Value Place Story
Hotel Convenience. Apartment Essentials.TM
Looking for a hotel? Trying to rent an apartment? Whether you’re on vacation, relocating to a new town or you just need affordable short-term housing, Value Place offers something that extended stay hotels and even many apartments can’t. Peace of mind. What makes Value Place such a special place? Being able to count on an astonishingly clean, furnished suite with an in-room kitchen.Basically, what it really comes down to is this—low weekly rates in a much cleaner, safer environment that’s always simple and flexible to your needs.
Most hotels pad their prices with amenities and services that aren’t important to you. Not here—at Value Place, extras are a la carte. And with extended stay motels and other discount accommodations, you might find the price you want—but you’ll have to give up something that really matters. You won’t have to make any compromises when it comes to Value Place. How can we promise so much? Because we’ve combined the ease and convenience of a hotel with all the essentials of a furnished apartment—in a way that no one else has been able to do successfully.
Explore the Value Place timeline to find out how entrepreneur Jack DeBoer—“father of extended stay”—pioneered a unique hotel-apartment hybrid concept that serves the needs of hotel guests as well as apartment residents.
1960s – 1970s
Before founding Value Place, Jack DeBoer begins his career in the apartment development sector and by 1973, his company had built over 16,000 apartments in 30 cities across 25 states. National Real Estate Investor recognizes DeBoer as the "second-largest multi-family developer in the United States."
1970s – 1990s
Jack DeBoer, known in the industry as the founder of extended stay lodging, creates and develops lodging brands Residence Inn, Summerfield Suites and Candlewood Suites.
DeBoer realizes that the extended stay industry isn’t meeting the needs of a large segment of potential guests. The challenge? To offer low-cost, short-term housing without sacrificing quality. The answer: A brand that combines hotel convenience and Apartment Essentials. Affordable, clean, safer, simple and flexible become the cornerstones of this new hotel-apartment business model.
DeBoer establishes the Value Place brand and opens the first property in Wichita, Kansas. It features clean studio suites with full kitchens, an onsite laundry room and a la carte amenities. It’s an immediate success—and a game-changer for the extended stay hotel, lodging and apartment sectors. Plans for expansion begin.
DeBoer and his team systemize the Value Place business model to ensure consistency across multiple properties—including requirements such as newly constructed buildings with secured entrances, a 99-step cleaning process after every move-out, quality assurance procedures and much more.
Value Place celebrates the opening of its 100th location in July.
Value Place rapidly expands to 162 properties in just six short years—making it the fastest growing extended stay hotel brand in the nation.
Value Place expects to expand to 175 properties in 30 states by the end of this year.
Still expanding, Value Place actively seeks developers and entrepreneurs who are attracted to the successful Value Place franchise model. Recent Honors: Franchise Business Reviews top 50 Franchises for the past four years.