WICHITA, Kan., Dec. 12 /PRNewswire/ -- Today, Value Place Franchise
Services President Gina-Lynne Scharoun is doing something few other franchise
executives choose to do. She's opening doors to her own franchise property --
a Value Place hotel-apartment in Tulsa, Okla., 3415 S. Sheridan Road.
Value Place is a short-term residential hotel-apartment hybrid that offers
stays of a week or longer to residents. It plans to be the national low-cost
provider of cleaner and safer apartment-style lodging. Lodging industry
visionary Jack DeBoer founded the company ( http://www.myvalueplace.com ) in
"When I joined Value Place to run the franchise company, it was easy to
see the concept's incredible potential," says Scharoun. "I've worked with Jack
DeBoer for almost a decade and know his history of success. It was a logical
decision to become a franchisee."
"My personal investment shows franchisees and potential investors that I
am as deeply committed to the brand's success as they are," adds Scharoun.
In fact, in just more than one year of offering franchises, Scharoun's
team has already signed more than 220 franchise commitments. Within two years,
Value Place properties are planned to be open or under construction in more
than 23 states.
The Tulsa property -- the twelfth Value Place to open nationwide -- is
centrally located at the intersection of Sheridan Road and Broken Arrow
Expressway. Weekly rates for the 121-unit property begin at $159.
Scharoun and her husband, Robert, are majority shareholders in the
company, Valued Partners LLC. They are both Oklahoma natives. Valued Partners
is a new company formed with a small group of investors to develop the
property. Scharoun is managing partner. Robert Scharoun is president. He will
The hotel-apartment property is located at Highway 51 and Sheridan Road
and is within a half mile of Interstate 44, offering easy and quick access to
both of Tulsa's major east and west highways. The property is about five miles
from downtown, The University of Tulsa, and Tulsa International Airport. The
Tulsa State fairgrounds and Expo Square are within two miles.
Value Place headquarters are in Wichita, Kan. Eleven other properties are
open in Bentonville, Ark., Kansas City, Mo., Lincoln and Omaha Neb., Lubbock,
Texas, Myrtle Beach, S.C., Oklahoma City and Wichita. Eight more are under
Company founder Jack DeBoer also founded Residence Inn, Summerfield Suites
and Candlewood Suites. He is considered the inventor of the extended-stay
hotel concept. In the 1970s, he was the nation's second largest apartment
SOURCE Value Place