The Real Deal Miami

Florida to get budget hotel chain

August 14, 2008 11:32AM

Jack DeBoer, founder of the Residence Inn and two other extended stay hotel chains, plans to build about 30 Value Place hotels in Palm Beach, Broward and Miami-Dade counties. Openings are expected by next summer in Margate, Fort Lauderdale, West Palm Beach and Palm Beach Gardens. Value Place plans to open 100 hotels statewide by 2012. Rooms are furnished studios with full kitchens, and South Florida hotels will charge $300 to $400 a week.