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Forbes gives Wichita’s Value Place high franchise ranking

  • The Wichita Eagle
  • Published Monday, June 16, 2014, at 10:46 a.m.

Value Place has been ranked by Forbes magazine as one of its 2014 Best Franchises in America, in the June 16 issue.

Forbes ranked the Wichita-based extended-stay hotel chain No. 6 in the over $500,000 investment category.

Forbes said between 2008 and 2012, based on research it commissioned by FRANdata of Arlington, Va., Value Place had a growth rate of 12 percent and a continuity rate of 99 percent. Continuity rate measures how many franchised units remained open during the four-year period.

Forbes said it looked at 203 franchise brands in that category.

Value Place has nearly 190 hotels in 32 states.

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