Sacramento, CA (1888PressRelease)
October 09, 2009 - Economy extended stay lodging brand Value Place is excited to announce its opening of the first California property at 7789 La Mancha Way, in Sacramento. The property is located at Highway 99 and Mack Road in Sacramento. This property milestone was reached just five years after launching the Value Place franchise program in 2004. Value Place was founded by entrepreneur Jack DeBoer. The Wichita, Kansas-based Value Place is an economy extended stay lodging brand that features remarkably affordable weekly rates, rigorous cleanliness standards and secure temporary lodging with an unparalleled commitment to the comfort, privacy and peace of mind of each guest. Value Place currently has 157 properties open in 27 states and expects to end 2009 with 170 locations.
The developer for this project is Pegasus Group of Walnut Creek, California. Pegasus Group has substantial experience in the real estate business over the past 27 years. Pegasus Group operates self storage properties, marinas, mobile home parks, and industrial and office buildings throughout the United States.
"We liked Value Place immediately because it fit perfectly with our backgrounds but also because it was a business addressing an underserved niche," said Tim Davis, Managing General Partner. "While most extended stay chains focus on higher price points and business clients with expense accounts, Value Place focuses on the guests that are picking up the tab themselves. It made a lot of sense to us."
"Consumers are always looking for the best deal but don't want to sacrifice quality for a lower price point. Value Place is able to offer just that: a clean, comfortable, safe room at an extremely affordable price," said Davis. "We will be the first location in the market, and we believe Value Place is a much-needed concept that Sacramento consumers will embrace right away."
More information on Pegasus Group and Value Place may be obtained by writing the firm at 1148 Alpine Road, Walnut Creek, CA 94596or calling (925)-930-0810.
CONTACT:
Joseph Perinoni
Value Place
916.688.1330
www.valueplace.com
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