Leisure Real Estate News

Division of Leawood, Kansas, Leisure Group of Companies ranks in HOTEL BUSINESS®

Friday, December 19 2003 1:57 PM
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(LEAWOOD, KS) -- Steve Olson, President and CEO of the Leisure Group of Companies, proudly announced today that its Leisure Development LLC division merited a number 84 ranking in the HOTEL BUSINESS® Top 100 Owners and Developers national list (September 7, 2003) and that its Leisure Real Estate Advisors division was included and quoted in an October 7, 2003, feature story on the future of hotel brokerage.

Olson commented, “To be in the Top 100 list of Owners and Developers with companies such as Host Marriott, John Q. Hammons Hotels, and Outrigger Enterprises is quite a recognition. It is a testament to our rapid growth, as the rankings were based on the number of actual rooms owned and developed in 2002. We adopted an aggressive and expanded growth policy last year that we are continuing, and we look forward to boosting our ranking in the future.

Our inclusion in the HOTEL BUSINESS® “Brokers Find Active Property Transaction Market” feature story also signifies regard for Leisure as an industry leader, and we are very proud of this reputation. As quoted in that story, activity and inquiry (through Leisure Real Estate Advisors) remain high, so our outlook is positive. Leisure will continue its commitment to quality performance in the various aspects of our work in the hospitality industry, and we look forward to our continued upward escalation in all divisions.”

Leisure Hotels & Resorts is a third-party management group that operates as a division of Kansas-based Leisure Group of Companies, which specializes in the development, management and brokerage of hotels in the limitedsuite-, resort- and full-service markets. Employing more than 700 people, it is one of the industry’s fastest growing multi-faceted hotel companies in the U.S., with offices in the Kansas City Metro area and in Hutchinson, Kansas. Using the latest in technological developments, Leisure Hotels & Resorts provides its hotels with complete operational and financial services, as well as extensive human resource training and development. Leisure is consistently recognized among the top owners/developers and management companies in the nation by leading industry publications.

Leisure Hotels, LLC manages twenty-four (24) hotels in Kansas, Iowa, Missouri and New Mexico. It comprises a variety of well-known brands, including Holiday Inn Express Hotel and Suites, Hampton Inn, Hawthorn Suites, Microtel Inn and Suites, Best Western, Days Inn and Super 8. Additional Leisure managed properties are set in Kansas in 2003 and 2004, as well as Minnesota in 2004. For additional information about the Leisure Group of Companies and its services, visit the company’s website at www.leisurehotel.com or contact the company directly at 913-905-1460.

Continued Growth

Friday, December 19 2003 1:53 PM
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(LEAWOOD, KS) -- Brent Jaynes, Director of Real Estate for Leisure Real Estate Advisors, LLC proudly announced today the appointments of Rick Hagerman, Senior Associate – Kansas City and Mike Works as Senior Associate- in the newly formed Lincoln, NE office. Jaynes commented, “It is with great pleasure that we announce Mr. Hagerman and Mr. Works as part of our real estate team. Mr. Hagerman’s experience in originating, structuring, and acquiring investments within the hotel real estate industry is unsurpassed. Rich has nearly 20 years experience in hotel real estate and has developed a vast array of contacts in the industry. Rick’s deal making capabilities will greatly benefit any who engage his services.

Mr. Works will provide our clients a unique perspective into the hotel business. As an attorney and hotel owner, Mike offers a beneficial combination of skills not commonly found in the brokerage business. Mike’s legal, operational and transaction exposure will be valuable to any of his clients. Both gentlemen offer a high level of expertise and integrity and will be of great assistance to us as we continue our expansion efforts in 2004.”

Mr. Hagerman has completed over 96 acquisitions, dispositions, and asset restructuring totaling over $400 million. He previously served as Director of Real Estate for American Executive Management Company, where he served as lead manager in brokerage and site acquisitions. As Director of Real Estate Acquisitions for Selco, he assisted in the placement of over $130 million in debt and equity to facilitate several acquisitions through Bear Stearns and Westinghouse. Mr. Hagerman has a Bachelor of Science in Business from Kansas State University with a minor in Psychology.

Mr. Works is the previous owner of Midwest Hotel Motel Brokers, LLC, located in Lincoln, Nebraska, and owns and operates several hotels and motels in the Midwest. Mike is a licensed attorney in both Nebraska and Wisconsin and has extensive experience in hotel brokerage legal matters including contractual obligations, zoning and subdivision issues. Mr. Works graduated cum laude from the University of Wisconsin Law School in 1995. He earned his Bachelor’s degree with high distinction from Concordia College in Seward, Nebraska, where he was given the award of Outstanding Liberal Arts Student.

Founded in 1998, Leisure Real Estate Advisors, LLC has rapidly become one of the industry’s fastest-growing hotel brokerage firms. With offices in the Kansas City Metro area and in Lincoln, Nebraska, LREA specializes in custom marketing plans using the latest web based technological developments, printed materials and sales campaigns. Leisure Real Estate Advisors is frequently quoted and included in HOTEL BUSINESS® as well as the HOTEL BUSINESS® Green Book, the most comprehensive source book for information on the hotel industry. For additional information about Leisure Real Estate Advisors and its services, visit the company’s website at www.leisurerealestate.com or contact the company directly at 913-894-5252 or 402-421-8014.