Value Place Reports 50% Revenue Increase

WICHITA, KS—Value Place has had a busy year. The extended-stay hotel brand just released its fourth quarter and full-year results and the data show that the company brought in $108.8 million during 2014, an increase of 50.9% when compared to 2013. Revenue in the fourth quarter was $28.4 million, a 23.9% increase over the previous fourth quarter. Furthermore, the Wichita, KS-based firm kept up a brisk pace of new construction, finishing 8 new hotels across the US and ending the year with another 11 under construction.

“We saw significant consumer and developer demand for our brand in 2014,” says Bruce Haase, the brand’s chief executive officer. “We believe we are well positioned for sustained growth into 2015. Value Place delivered impressive growth on three fronts last year – above industry RevPAR growth at our company-owned and -franchised properties, the addition of new corporate properties, and the rapid expansion of our franchise network.”