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The hotel chain was founded as Value Place in 2003 by Jack DeBoer. [2] In April 2015, the brand changed its name from Value Place to WoodSpring Suites. [3] [4] In December 2017, Woodsprings Suites was sold to Choice Hotels for approximately $230 million. [5] [6] As of June 30, 2020, there are 281 hotels with 33,797 rooms in the chain. [1]
Jack Peter DeBoer (January 15, 1931 – March 12, 2021) was an American entrepreneur, hotel innovator, builder, and businessman.He was a founder of five national brands of extended-stay hotels (apartment hotels): Residence Inn, Summerfield Suites, Candlewood Suites, Value Place, and WaterWalk hotels and apartments.
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Indianapolis made NAR's list because of strong job growth and housing affordability. Nearly 42% of the housing stock is priced below $236,000, with the average home value at $223,261.