CHICAGO—Value Place, the extended-stay hotelchain, has spent all of 2014 expanding its brand throughout the US, opening bothcorporate-owned and franchise outlets. And to help keep up the pacethe company has just signed a long-term development contract withHolladay Properties to build a group of hotels inthe Chicago metro area.
Within the next 60 months, South Bend,IN-based Holladay plans to build 15 hotels in Chicagoland, with thepotential to build even more. The company will break ground on thefirst hotel this spring.
“Value Place represents a strategicexpansion of Holladay's hotel portfolio,” says TimHealy, senior vice president and partner at Holladay. “Wewere attracted to the Value Place brand based on its strongexecutive leadership team and our shared core values.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
