| KANSAS CITY, MO: January 2010 - Key
Construction announced today that it built eleven new hotels in 2009,
despite a dramatic slowdown in construction starts industry wide.
Key built the hotels for a number of major brands in seven different
states. "Most of the hotels we built last year were Select Service, Limited Service, and Extended Stay flags, which reflects most of the current hotel development activity nationwide," said Brad Wilson, Vice President of Key Construction's Hospitality Division, which builds most of Key's hotels. "Our ability to handle multiple projects in multiple locations allows us to travel with our clients as they look outside of traditional regions to find viable markets." Among the hotels Key completed in 2009 are Residence Inn (2), Fairfield Inn (2), Springhill Suites, Hampton Inn, NYLO, Suburban Extended Stay, and Value Place (3). According to Wilson, the outlook for 2010 remains bright. "We currently have nine hotels under construction and expect a few more to start soon," Wilson added. "As some of our clients have slowed down, we've been fortunate to uncover new opportunities as Hoteliers take advantage of low construction costs." Projects currently under construction include Hampton Inn (3), Four Points by Sheraton, Holiday Inn, Aloft, Comfort Inn, Sleep Inn, and a Holiday Inn Express. Wilson believes that as the lending environment remains tight, lenders will look more favorably on bondable contractors with demonstrated hotel experience.  About Key ConstructionKey Construction is one of the Midwest's leading contractors, with offices in Wichita, Kansas City, Tulsa, and Dallas-Ft. Worth, specializing in hospitality, retail, commercial, healthcare, multi-family, and military construction. |