please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages the topic of this article may not meet wikipedia s notability guidelines for companies and organizations . please help to establish notability by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond its mere trivial mention . if notability can not be established the article is likely to be merged redirected or deleted . find sources value place news newspapers books scholar jstor free images april 2015 learn how and when to remove this template message this article relies too much on references to primary sources . please improve this by adding secondary or tertiary sources . december 2011 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . april 2015 learn how and when to remove this template message learn how and when to remove this template message value place type private industry hospitality founded 2003 headquarters wichita kansas revenue 223mm million 2014 1 number of employees 500 1000 2 website http www.woodspring.com value place is an extended stay hotel chain in the united states based in wichita kansas . the company was founded in 2003 by jack deboer the founder of residence inn summerfield suites and candlewood suites . the first value place opened in october 2003 in wichita kansas . a franchising program was launched in june 2004 . as of 2015 the company franchises develops manages and owns value place properties through its various operating entities . value place llc owns 84 individual value place properties and value place franchise services llc franchises 111 properties . value place property management llc manages company and franchisee owned properties and other operating entities are responsible for development and construction operations . the chain keeps its rates affordable by keeping its overhead costs low . citation needed the properties which average 124 suites each have an average of 4.5 employees at each location compared with 16 22 at other chains . citation needed the company ceo is bruce haase and the cfo is kyle rogg . in april 2015 the company was renamed woodspring hotels . references edit january 23 2015 company press release . linkedin company page . v t e hotel chains accor adagio formule 1 f1 formula 1 ibis budget styles mama shelter mercure grand mercure mgallery novotel suite novotel pullman the sebel sofitel thalassa sea & spa carlson rezidor country inns & suites park inn park plaza quorvus collection radisson radisson blu choice hotels ascend collection cambria hotels & suites clarion comfort inn comfort suites econo lodge mainstay suites quality inn rodeway inn sleep inn suburban extended stay hotel frhi fairmont hotels raffles swiss tel 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america wilson world hotels lists hotels chained brand largest united states motels category commons retrieved from https en.wikipedia.org w index.php title value place & oldid 709018261 categories extended stay hotel chainshospitality companies of the united stateshidden categories articles with topics of unclear notability from april 2015all articles with topics of unclear notabilityarticles lacking reliable references from december 2011all articles lacking reliable referencesarticles needing additional references from april 2015all articles needing additional referencespages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from october 2015articles with unsourced statements from april 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom 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