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The ValuePlace Story

Looking for a hotel? Whether you’re on vacation, traveling for work, or relocating to a new town, Value Place offers something that extended stay hotels 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 to fit 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.

Explore the Value Place timeline to find out how entrepreneur Jack DeBoer—“father of extended stay”—pioneered a unique hotel concept that serves the needs of hotel guests.

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 lodging without sacrificing quality. The answer: A brand that is affordable, clean, safe, and simple became the cornerstones of this new hotel business model.

DeBoer establishes the Value Place brand and opens the first property in Wichita, Kansas. It features clean studio suites with modified kitchens, an onsite laundry room and a la carte amenities. It’s an immediate success—and a game-changer for the extended stay hotel sector. 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 the year.

2010 – 2013

Value Place continued to see great growth of hotel presence including a growth of our franchise base and the development of presence in additional markets and states.


Value Place introduced CEO Bruce Haase and, with him, a new era in our history including the extension of our formal franchising efforts, the development of our marketing and sales functions, and the enhancement of how we, as an organization, service our franchisees to speed development, construction, opening, and profitability. Industry and trade publications and organizations took note bestowing several honors on us including the nation’s best hotel franchise opportunity.


Value Place announced, at its annual Conference for franchisees, property management companies, vendors, partners, and employees, that it would be changing its name to WoodSpring Suites and refocusing efforts on the guest experience.

Moving Forward

Between April 2015 and April 2016 Value Place will transition all existing properties to WoodSpring Suites or WoodSpring Suites Signature properties and opened its first namesake hotel in July 2015 with two dozen additional hotels under construction. The company will surpass 200 open hotels by the end of 2015.

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