Innkeepers Usa (NYSE:KPA)
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From Jul 2019 to Jul 2024
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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.
Located at 101 East Jefferson Street, the hotel is a block from
all major downtown interstate highways and minutes away from the
Standiford Field Airport. Two blocks from the Kentucky International
Convention Center, the hotel is located adjacent to the medical
district and Fourth Street Live!, the city's exciting new
entertainment and retail complex, and within easy walking distance of
the city's other major attractions, such as Waterfront Park, the
Kentucky Center and the Slugger Field and Museum.
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.
Other amenities include complimentary high-speed Internet access,
"On The House" complimentary hot breakfast, in-room coffee maker, iron
and ironing board. The hotel also offers the 100% Hampton Satisfaction
Guarantee, which promises each guest full satisfaction or their
night's stay is free.
For additional information concerning the hotel, please contact
Debbie Jankoski, director of sales, at 502-585-2200, or through the
Hampton Inn website at www.hamptoninn.com.
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. For more information about
Innkeepers USA Trust, visit the company's web site at
www.innkeepersusa.com.
This press release, and other publicly available information on
the Company, includes forward looking statements within the meaning of
securities law. These statements include terms such as "should",
"may", "believe" and "estimate", or assumptions, estimates or
forecasts about future hotel and Company performance and results, and
the Company's future need for capital. Such statements should not be
relied on because they involve risks that could cause actual results
to differ materially from the Company's expectations when such
statements are made. Some of these risks are set forth in reports
filed from time to time with the SEC and include, without limitation,
(i) the operational risks of the hotel business (including decreasing
hotel revenues and increasing hotel expenses) under the company's
taxable REIT subsidiary structure, (ii) risks that war, terrorism or
similar activities, widespread health alerts, disruption in oil
imports or higher oil prices or changes in domestic or international
political environments negatively affect the travel industry and the
company, (iii) risk of declines in the performance and prospects of
businesses and industries (e.g., technology, automotive, aerospace,
pharmaceuticals) that are important hotel demand generators in the
company's key markets (e.g. the Silicon Valley, CA, Washington, DC,
etc.), (iv) risk that poor, declining and/or uncertain international,
national, regional and/or local economic conditions will, among other
things, negatively affect demand for the company's hotel rooms and the
availability and terms of financing, (v) risk that the company's
ability to maintain its properties in competitive condition becomes
prohibitively expensive, (vi) risk that pricing in the hotel
acquisition market becomes prohibitively expensive or non-financeable
and that potential acquisitions or developments do not perform in
accordance with expectations, (vii) risk that the Company may invest
in hotels of a size or nature (e.g., upscale full service or resort)
different than those it has focused on historically (e.g., upscale
extended-stay, and mid-scale limited service); (viii) risks related to
an increasing focus on development, including permitting risks,
increasing the proportion of Company assets not producing revenue at a
given time and risks that projects cost more, take longer to complete
or do not perform as anticipated; (ix) changes in travel patterns or
the prevailing means of commerce (i.e., e-commerce) may reduce demand
for hotels in general or the Company's hotels in particular, (x) the
complex tax rules that the company must satisfy to qualify as a REIT
and the potentially severe consequences of failing to satisfy such
requirements, and (xi) governmental regulation that may increase the
company's cost of doing business or otherwise negatively effect its
business or its attractiveness as an investment and create risk of
liability for non-compliance (e.g., changes in laws affecting taxes or
dividends, compliance with the Americans with Disabilities Act,
workers compensation law changes, the Sarbanes-Oxley law, etc.).