Hi @realph
To load a select field’s label for the selected value, you will need to load the field object.
Becuase this is a sub field, you need to use a function called get_sub_field_object. You can learn more about this function here:
http://www.advancedcustomfields.com/resources/functions/get_sub_field_object/
Please note that this function will not work with your current loop. You will need to change your loop to use a have_rows while loop like this:
http://www.advancedcustomfields.com/resources/functions/have_rows/
Thanks
E