BAKERSFIELD, CA—Value Place, a fast-growing extended-stay hotel brand, has signed a license agreement to build a 124-unit, four-story hotel here.
Bhattal Enterprises has entered into an agreement with Value Place to construct the second Value Place location in California. The hotel is expected to break ground in early 2015.
“We are excited to partner with Ajit Bhattal on this Bakersfield project. We have worked hard over recent months to engage and educate developers in California on the unique benefits of the Value Place business model,” said Ron Burgett, Executive Vice President of Franchise Development. “Ajit is a great addition to the Value Place family.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
