Updated RecentlyEnjoy the convenience of fully furnished suites and amenities that help you
feel at home. Whether you’re traveling for work, moving to a new city,
visiting family, remodeling you home, or you just need a place to stay
for a while, we’re here for you. With nearly 300 locations across the country - and new hotels opening this year - it’s easy to find the WoodSpring Suites hotel that meets your needs.
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Value Place Franchise
Short-term residential properties
NO LONGER FRANCHISING
If this is a mistake please contact our Franchise Support for update.
Convenient Options for Temporary Housing
How to Save Even More With Our Monthly Pre-Paid Rates
- Search for your destination on WoodSpring.com with a date range of 28+ nights.
- Look for our exclusive "Stay Longer and Save” rates.
- Pre-pay for the first 28 nights of your stay when you check in, then pay every 28-nights for the rest of your stay.
- The price you see, plus taxes and fees, is the price you’ll pay.
The rate you see is the discounted rate for your 28+ night stay.
Planning a shorter visit? Check out our affordable weekly rates.
It's time to give yourself permission to build your days around what's important to you! You're in Control!
For more information, complete our FREE FRANCHISE ADVICE form!
Please Note: The operators of Value Place, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Value Place website.
How much does it cost to open a Value Place Franchise?
The investment required to open a Value Place Franchise is between $5,035,000-$7,031,000. There is an initial franchise fee of $5,000 which grants you the license to run a business under the Value Place name.
Individual Unit Costs
- Initial Investment:
$5,035,000-$7,031,000 - Initial Franchise Fee:
$5,000 - Royalty Fee:
5% - Advertising Fee:
N/A - Term of Agreement:
20 years - Renewal Fee:
50% of current fran. fee
Click here to compare with
franchises similar to Value Place
Value Place Ready For Franchise Expansion
As reported in GlobeSt.com, Value Place, the low-cost extended-stay hotel chain, has undergone profound changes in the past year-and-a-half. It secured a $100 million capital investment, hired a new leadership team, and began launching new locations across the US. Its latest project, a new 124-room ...
Value Place Appoints Industry Veteran Bruce Haase As Ceo
Value Place , the largest economy, extended-stay hotel brand in the U.S., has named Bruce Haase as CEO, effective Friday, April 11, 2014. He will be based in Wichita, Kan. at the Value Place corporate headquarters.
Haase joins Value Place following a 12-year tenure at Choice Hotels International,...
Value Place Seeks Land To Develop Six Cleveland-area Properties
Cleveland's metro area is the latest region to be the focus of Value Place's continuing rapid expansion across the U.S. In addition to the three existing corporate properties in Mentor, Akron-Green, and Avon, Ohio, Value Place has plans to develop six new corporate properties in the Cleveland metro ...
Nakota Development Company Opens First Value Place Franchise In Burgeoning Bakken Region Of North Dakota
Nakota Development Company, a full-service real estate development and management company based in Jacksonville, Fla., announced today that it has officially opened its first Value Place location here. Nakota Chairman/CEO Art Cahoon officiated a September 25th Grand Opening ceremony attended by Valu...
Value Place To Build Two New Hotels In Jacksonville
An extended-stay hotel chain is preparing to start construction on two new locations in Jacksonville.
Wichita, Kansas-based Value Place has two franchise-owned locations in Jacksonville already, and hopes to start construction on another two at 6900 103rd Street and 10520 Balmoral Circle W. as co...
Value Place News & Press Releases
When did the first Value Place open? 2003
When did Value Place start Franchising? 2004
When did Value Place start Franchising? 2004
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2006 | 11 | 0 | 0 | 12 |
| 2005 | 2 | 0 | 0 | 5 |
| 2004 | 0 | 0 | 0 | 2 |
| 2003 | 0 | 0 | 0 | 1 |
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
To calculate how much income a franchise owner can do at Value Place Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
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Legal Disclaimer: This information is not a franchise offering for Value Place and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Value Place franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Value Place
1 Choice Hotels Circle, Suite 400
Rockville,
MD
20850