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K Partners Hospitality Group LP Building a Hawthorn
Suites Hotel Adjacent to the Laredo (Texas)
Entertainment Center

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LAREDO, TEXAS (June 2, 2005) – San Antonio-based K Partners Hospitality Group, LP will break ground this month on a Hawthorn Suites hotel adjacent to the Laredo Entertainment Center (LEC) at the intersection of Jacaman Road and Bob Bullock Loop 20 in Laredo, pursuant to an agreement with Arena Ventures LLC.

The 70,000 square-foot hotel will include 100 suites, meeting space, and lounge and entertainment facilities, and will join numerous restaurants and retail establishments within the new LEC Development.  The hotel will be constructed by WKM Companies of San Antonio and managed by Pagosa Management Corporation.  Laredo-based International Bank of Commerce is providing the funding.

“We are excited about the Laredo economy, and in particular, about the activity at the Laredo Entertainment Center,” said Tim Sanford, COO of K Partners Hospitality Group, LP.  “We look forward to opening a quality all-suites hotel that will be ideal for everyone from vacationers to professionals visiting this fast-growing community.”

K Partners currently owns and operates three more Hawthorn Suites hotels in Aransas Pass, Lubbock and San Angelo, Texas.

“Arena Ventures is excited to welcome Hawthorn Suites to the Laredo Entertainment Center Development,” said Kiki DeAyala, president of Arena Ventures.  “Hotels are a much-needed amenity on the northeast side of Laredo, and the widely-recognized quality and hospitality of Hawthorn Suites is a welcome addition.”

DeAyala added, “Hawthorn Suites is a perfect fit with our model of bringing together different types of new businesses to the development.  The hotel, along with the LEC, Hal’s Landing and the megaplex Hollywood Theater, solidifies the LEC Development as the premier entertainment district in ‘Los dos Laredos.’  The potential to drive close to 2 million annual visitors to the district brings unparalleled business opportunities for both local entrepreneurs and national corporations.”

About K Partners Hospitality Group, LP
K Partners Hospitality Group, LP was formed in 1996 by Walter Myers, CEO, and Sanford.  The company owns and operates nine hotels in California, Colorado, New Mexico and Texas.  In addition to US Franchise Systems, franchise relationships include InterContinental Hotel Group, Hilton Hotel Corporation and Marriott Corporation.  Other projects under development for completion in 2005 include Hampton Inn & Suites in Palmdale, CA; Springhill Suites in Ardmore, OK, and Microtel Inn & Suites in Aransas Pass, TX.  Hawthorn Suites in Lafayette, LA and Hampton Inn & Suites in Lexington, KY are also under construction and will be completed in 2006.  K Partners’ corporate offices are located at 4091 DeZavala Road, Suite 3, San Antonio, TX 78249, phone 210-492-6620 and fax 210-492-6959, or visit http://www.kpartnersusa.com.

About The Laredo Entertainment Center
The Laredo Entertainment Center (LEC) is a first-class, state-of-the-art multipurpose facility developed by Arena Ventures LLC.  This multi-use facility has introduced affordable, family-oriented entertainment to the southern Texas and northern Mexico markets, including major concerts, sporting events, family and ice shows, conventions, trade shows and civic events.  The LEC sits on 25 acres and is adjacent to 55 additional acres that are currently being developed by Arena Ventures with hotels and office parks, specialized retail stores and restaurants, and a $1.5 million water feature with fountains, a boardwalk and quarter-mile jogging track.  The Laredo International Airport and Texas A&M International University are less than one mile from the facility.  For real estate information, contact Kiki DeAyala at 
956-791-9192.

About Hawthorn Suites
Hawthorn Suites hotels are upscale properties with such value-added comforts as daily complimentary hot breakfast buffet and social hours, exercise and meeting facilities, 24-hour front desk service, guest laundry and valet service, swimming pool and spa, and convenience store.  Spacious studio, one- and two-bedroom suites are equipped with full- or wet-bar kitchens, work desks with ergonomic chairs, personal voice mail, and with most locations offering free wireless high speed Internet access and extended cable TV with movie channel or VCP. 

US Franchise Systems, Inc. (USFS) is the parent company of the franchisor of the Hawthorn Suites brand, and headquartered in Atlanta, GA.  In November 2000, business interests of the Pritzker family of Chicago, IL, which also own other hospitality businesses and assets, including Hyatt Hotels, as well as numerous manufacturing, health-care, natural resources and other businesses and assets, recognized USFS’ potential and acquired the company. 

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Contact:

Kiki DeAyala 
Arena Ventures, LLC 
956-791-9192
kikid@arenaventures.com

K Partners Hospitality Group
4091 DeZavala Road, Ste 3
San Antonio, TX 78249
Telephone No. (210) 492-6620

Also See: La Posada Hotel & Suites, Laredo, Undergoing Multimillion Dollar Renovation / October 2003
Developer Walter Myers Opens Hawthorn Suites in Aransas Pass, Texas; USFS's 500th Franchise / Jan 2001


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