Value Place to Build Six Extended-Stay Hotels in Cleveland Area

Value Place continues its rapid expansion across the United States and has set its sights on Cleveland’s metro area. The Wichita, Kan.-based extended-stay hotel brand already has three corporate properties in Mentor, Akron-Green and Avon, and plans to develop six more in the area over the next two years.

Value Place expects to start construction on the first property in January 2014. The four-story building will be located at Emerald Corporate Park and feature 124 rooms. According to Crain’s Cleveland, the construction of the first property will cost more than $6 million. Value Place will hire local construction companies for the six projects.

(more on Value Place's Cleveland-area expansion . . . )