Laurus Corp. Acquires Sixth Hotel in 2012
Friday December 28th, 2012 - 10:10AM H
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LOS ANGELES—Laurus Corporation, based here, has acquired the Hilton Kansas City Airport Hotel in Kansas City, MO. This is the company’s second closing on a Hilton property in the past week, and its sixth acquisition in 2012.
The company is planning an $8-million property improvement plan, including a modernized lobby, restaurant and bar. Guestrooms, meeting space and common areas will also be enhanced.
The 347-room hotel features 21,000 sq. ft. of meeting space and is located close to Fortune 500 companies including General Motors, Ford Motors, Harley-Davidson, Toyota and Sony.
Tags: • Hospitality • Ownership •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.