Value Place Hotel-Apartment Concept Expands in South Carolina
WICHITA, KS, October 10, 2005. CC Development Group, of Columbia, S.C., recently signed an agreement with Value Place to build three hotel-apartment properties in the Columbia area.
Value Place was recently launched by lodging industry visionary Jack DeBoer. DeBoer also founded Residence Inn, Summerfield Suites and Candlewood Suites. Value Place is a hotel and apartment hybrid, offering affordable weekly rates.
"We chose Value Place because we see a strong demand in Columbia for exactly what the brand offers - affordable, clean, safe lodging," says John Cattano, CC Development's managing partner.
"We're proud that Value Place will be part of the Columbia community," says Value Place Franchise Services President Gina-Lynne Scharoun, "and pleased that John has chosen to partner with us."
The first property is at 931 Spears Creek Court, in Elgin, S.C., a northeast Columbia suburb. It's near the intersection of Spears Creek Church Road and Interstate 20. It's also about seven miles from the U.S. Army base, Fort Jackson. Construction start is planned for late fall. Weekly rates for the 121-unit property will start at $179. The other properties will be on the south and west sides of the city.
CC Development's partners also include Dave Brock, Bob Jolly and Tidal "Ty" McCoy. This is the company's first real estate development. However, Jolly has more than 30 years' experience in real estate. McCoy is a former acting secretary of the U.S. Air Force.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
