Former Clarion Hotel in Downtown Louisville, Kentucky
to a Hampton Inn
|LOUISVILLE, Ky., September 14, 2005 — Officials of Innkeepers USA Trust
(NYSE: KPA), a hotel real estate investment trust (REIT) and a leading
owner of upscale extended-stay hotel properties throughout the United States,
today announced the opening of the first Hampton Inn in downtown Louisville.
Innkeepers Hospitality Management operates the hotel.
Prior to opening as a Hampton Inn, the hotel underwent a $4.5 million renovation, converting from the former Clarion Hotel. “Downtown Louisville is experiencing a major renaissance, and the introduction of a strong brand like Hampton Inn to the area will attract a diverse mix of business, leisure and convention travelers,” said Brent Zuchowski, general manager. “This is a well-located property with all of the latest Hampton amenities. We’ve also added some unique features, including a 10-foot high “water wall,” that add a more upscale feel to the property and will further enhance the hotel’s competitive edge in the upscale, focused service segment in this market.”
The eight-story hotel features a large, richly mill-worked lobby and breakfast area. The hotel, with five meeting rooms and nearly 5,000 square feet of flexible meeting space, will target small meetings and groups of up to 200 people. The property also will cater to local social events.
Twelve suites and two presidential suites offer separate living and
sleeping areas, flat screen televisions, hot tubs, and in-room kitchen
amenities, such as wet bar, refrigerator and microwave oven.
The Hampton Inn Downtown Louisville features a fitness center, 24-hour
business center with printer and fax capabilities and the largest indoor
pool in downtown Louisville. The hotel provides free airport shuttle
service, and is one of the only hotels in the downtown area to offer its
guests free parking.
Innkeepers USA Trust is a hotel real estate investment trust (REIT) and a leading owner of upscale extended-stay hotel properties throughout the United States. The company owns 69 hotels with a total of 8,745 suites or rooms in 20 states and Washington, D.C., and focuses on acquiring and/or developing upscale and upscale extended-stay hotels with premium brands and the rebranding and repositioning of other hotel properties.
This press release, and other publicly available information on the Company, includes forward looking statements within the meaning of securities law.
Innkeepers USA Trust
|Also See:||Innkeepers USA Trust Acquires 182-room Clarion Hotel in Downtown Louisville; Plans Repositioning to Hampton Inn Brand for All-In Cost of $60,000 Per Key / June 2004|
|Innkeepers USA Trust Acquires the 224-room Westin Governor Morris hotel in Morristown, N.J. for Approximately $35.1 million / May 2005|