Suites Hotel Adjacent to the Laredo (Texas)
|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
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.”
K Partners Hospitality Group, LP
About The Laredo Entertainment Center
About Hawthorn Suites
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.
K Partners Hospitality Group
|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|