Value Place Reports Record Q2

WICHITA, KS—Value Place just released its second quarter results, and reported that its system-wide revenue increased 10.6% over the same period last year to $55 million. Furthermore, the privately-held company saw an 11.5% same-property RevPAW increase during the second quarter.

Value Place also reported that it had 185 hotels, consisting of 107 franchised- and 78 corporate-owned properties, with a total of 22,108 rooms. The company also had 11 hotels under construction and 10 under development. As reported in GlobeSt.com, Value Place opened a new hotel in Watford City, ND, and signed nine new license agreements that will bring new hotels to Chattanooga, Tampa, Austin, Nashville, Columbus, and other markets.