KANSAS CITY— Value Place, the extended-stayhotel chain, has spent all of 2014 expanding its brand throughout the US, opening bothcorporate-owned and franchise outlets. And it just opened a newlyconstructed hotel in Kansas City, MO at 8805 Leeds Rd., near theintersection of I-70 and Stadium Dr. This is the brand's sixthhotel in Missouri, joining Value Place hotels in Springfield, St.Louis, and several other Kansas City locations. The four-story,124-room hotel opened on October 17, 2014 and the company plans tohold a ribbon-cutting event tomorrow from 11:30 a.m. to 1:30p.m.

“Kansas City is showing tremendous promise in terms of economicrecovery and job growth,” says Kyle Rogg,president and chief operating officer at Value Place. “There are anumber of major headquarters established there, as well as localbranches of Fortune 1,000 companies, both of which continue todrive demand for affordable and extended-stay lodging. ValuePlace's economy extended-stay offering is the solution for thispreviously underserved hotel segment.”

As reported in GlobeSt.com, the local economy has taken off.Ever since Ford and GM decided todouble down on their commitments to the metro region, for example,the industrial real estate market has shown tremendousstrength. In the third quarter companies absorbedspace at a pace not seen in years, and the vacancy rates continuedto fall. Furthermore, experts from Cassidy Turleyexpect the gradually improving economy will steadily push down theoffice vacancy rate and simultaneously push up rents, especiallyfor class A offices.