Kana Hotel Group to Manage Five Properties in Alabama and Texas
An Additional Three to be Added Q2 2013
March 19, 2013 - Kana Hotel Group is pleased to announce that they have added five new management contracts in the 1st Quarter of 2013, with three additional contracts coming on board on April 1st. This growth in third party contracts is in addition to Kana's own development pipeline of four premium branded hotels that are opening over the next few months. “The contracts that we've added this quarter come to us from three different ownership groups. When you have a winning operating formula, such a strong team, and a successful track record, other owners and investors take notice; we've had a lot of inquiries for management assistance.” said Kevin Mahoney, President of Kana Hotel Group. He went on to say “This is an exciting time in Kana's growth cycle; in late 2010 we were exclusively owned and operated properties totaling roughly 13 hotels. Fast forward just over two years and we're approaching 35 properties, with a healthy combination of both owned and third party managed properties”.
The properties added so far in 1st Quarter (totaling 597 rooms) are:
Embassy Suites Birmingham / Hoover, AL - 208 rooms
Hilton Garden Inn Tuscaloosa, AL - 122 rooms
Hampton Inn Beeville, TX - 70 rooms
Hampton Inn Birmingham I-65, AL - 97 rooms
Holiday Inn Sunspree Resort, Galveston TX - 100 rooms
Three additional Hotels have already been signed for an April 1st start date. In addition to the third party growth this year, Kana is also opening four additional properties of their own consisting of:
Embassy Suites Knoxville West - 140 rooms opening May 1st
Courtyard by Marriott, N. Littlerock, AR - 98 rooms opening August 15th
Springhill Suites by Marriott, Ridgeland, MS - 96 rooms opening September 15th
Homewood Suites, Mobile, AL - 98 rooms opening Dec 2013
Upon completion of these projects this will bring the total number of Kana Hotel Group developed properties to 21 out of the existing portfolio. Alpesh Patel, CEO of Kana Hotel Group said “We have been fortunate in the last few years with a strong pool of investment partners, and a solid development and operational record within the Hilton and Marriott brands.” He went on to say “In addition to our current projects, we have some other very exciting developments that we hope to announce soon, and are looking forward to an exciting 2014 and 2015 development pipeline.”
About Kana Hotel Group
Kana Hotel Group is located in Knoxville, TN, with additional offices in Tampa, FL. Kana is an award winning independent third party management company with over 3,000 hotel rooms under management, and additional 500+ rooms in development. The portfolio is well diversified amongst major brands such as Hilton, Marriott, and IHG. Kana Hotel Group has extensive relationships with institutional owners and lenders as well as individual ownership groups. More information can be found at www.kanahotelgroup.com.
.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
