New Value Place Hotel Franchise Chief Development Officer Ready to Further Expand Extended Stay Concept

Hospitality and Franchising Executive Paul M. Mangiamele named to Chief

Development Officer Post with Value Place Franchise Services LLC

Jan 22, 2008, 00:00 ET from Value Place

    WICHITA, Kan., Jan. 22 /PRNewswire/ -- Value Place Franchise Services
 LLC -- the nation's fastest-growing extended stay hotel chain -- announced
 today that Paul M. Mangiamele has been named Chief Development
 Officer/Senior Vice President of Franchise Development.
     A leading senior executive with an extensive background in hospitality
 and franchising, Mangiamele is charged with leading Value Place's franchise
 development efforts, and will play a key role in fueling the company's
 aggressive expansion plans.
     "Paul has an exemplary record of developing and implementing strategies
 that have resulted in tremendous financial and business growth for both
 start-up and Fortune 500 companies alike," said Gina-Lynne Scharoun,
 president of Value Place Franchise Services LLC. "We are thrilled to have
 Paul join our team, and I am confident that his leadership skills and
 experience with creating successful franchise development strategies will
 serve him and our company well as we continue to grow the Value Place
 brand," Scharoun added.
     Mangiamele has more than 30 years of experience in franchise
 development, broker and distributor networks, and building and leading
 teams in start-up, growth and Fortune 500 environments. His diverse
 background includes serving as vice president of business development with
 Regis Corporation, vice president of international operations for Sylvan
 Learning Systems and vice president of business development for Carlson
 Companies, Inc., franchisor of Radisson Hotels, Country Inns and Suites,
 Regent Hotels and TGI Friday's.
     He most recently served four years with Austin, Texas-based Sport
 Clips, Inc. in various senior management capacities, including chief
 operating officer. While with Sport Clips, Mangiamele led several
 significant growth initiatives that assisted the organization in growing
 store count from 100+ stores to more than 500 stores nationwide.
     "Value Place is poised for growth and has established itself as a great
 brand that is creating a new category in the hospitality industry,"
 Mangiamele said. "I am excited to work with both the executive team and our
 current Value Place franchisees on the growth opportunities ahead. In
 today's competitive environment, it is rare to be able to grow a brand with
 the potential and integrity that Value Place possesses," he added.
     Mangiamele holds a Master of Education degree (summa cum laude) from
 Springfield College, Mass., and a Bachelor of Science degree from the
 College of New Jersey (magna cum laude). He also holds the professional
 designation of Certified Franchise Executive. He resides with his family in
 Minneapolis, Minn.
     Value Place is one of the nation's fastest-growing brands. The extended
 stay hotel chain now has nearly 80 open properties in 19 states, and 42
 franchise groups have committed to build another 600+ hotels nationwide
 over the next five years. For more information or reservations, visit
     About Value Place
     Value Place is an extended stay hotel chain founded by Jack DeBoer in
 2003 to provide remarkably affordable, ultra clean and secure extended stay
 lodging for independent business owners, professional consultants, families
 and individuals who are on the move to a new job assignment or relocating
 to a new community. Now with nearly 80 hotels operating in 19 states and
 expanding nationally, the Value Place Brand is the creation of the
 management team that developed Residence Inn (now owned by Marriott),
 Summerfield Suites (a part of the Hyatt hotel chain), and Candlewood Suites
 (an Intercontinental hotel chain company) and is headquartered in Wichita,
 Kan. To find out more about Value Place or to make a reservation, visit us
 at or call 1-800 ValuePlace.

SOURCE Value Place