Atlanta Slated for 10 New Hotels

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After considering a dozen markets, Value Place Development LLC chose Atlanta as one of five markets they would invest millions of dollars in over the coming years in order to develop a string of extended stay hotels. Value Place Development plans to spend more than $65 million to redevelop or construct 10 hotel in and around the Atlanta area

The first site has already been chosen – Value Place plans to develop a 124-unit hotel on Chamblee-Tucker Road near I-85. The rest of the sites are still up in the air. Company sources say they are currently scouting for 2-acres sites near busy transportations area and preferably near dense concentrations of corporate jobs.

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