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WICHITA, KS—Unlike many players in the hospitality industry, Value Place extended-stay hotels remained relatively healthy throughout the recession, and now that the economic clouds have begun to lift, the company plans to put big development plans into motion.

“We now have the money that will fund our growth,” says David Redfern, president of real estate development for Value Place, the largest affordable extended-stay lodging brand in the US. In 2009, Value Place largely stopped adding new units. But in January, GlobeSt.com reported that Value Place had in late December 2012 secured a $100 million capital investment from the privately-held, New York-based investment firm Lindsay Goldberg LLC.

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