ATLANTA—Extended-stay lodging brand Value Place is investing $65 million over the next two years to buy land and build 10 new corporate-owned and operated hotels in the Atlanta metro area. The company is seeking landowners willing to sell appropriate building sites.

Value Place is working with two Atlanta brokers at Colliers International Retail Services Group: senior vice president Alex Deitch, and Greg Eisenman. Meanwhile, construction on the first new 124-unit hotel in Chamblee Tucker, GA, at the intersection of Interstate 85 and Chamblee Tucker Road will begin in January.

"Atlanta is one of several key metro areas we've targeted to grow the Value Place brand across the country," says Value Place Development president David Redfern. "We want to connect with anyone in Atlanta who has land to sell that meets our requirements."