Log Out | Member Center

84°F

86°/64°

Private equity firm invests $100 million in Jack DeBoer's Value Place

  • Have You Heard?
  • Published Tuesday, Jan. 22, 2013, at 3:02 p.m.
  • Updated Tuesday, Jan. 22, 2013, at 3:26 p.m.

UPDATED — Jack DeBoer’s Value Place is getting a $100 million infusion from a New York private equity firm.

Lindsay Goldberg LLC, which manages $10 billion in total capital, is making the investment in the Wichita-based extended-stay chain.

The money will mean at least 50 more Value Places, including an upgraded Value Place 2.0.

There are 181 Value Places in 32 states. The chain, which DeBoer founded in 2002, has 50 franchise groups that are planning to build more than 300 properties in the next three years.

Look for more details later this afternoon.

Subscribe to our newsletters

The Wichita Eagle welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views. Please see our commenting policy for more information.

Have a news tip? You can send it to wenews@wichitaeagle.com.

Search for a job

in

Top jobs