Checking In Issue 2 Q2 2020 vF

CHECKING IN

Issue 2 | SECOND QUARTER 2021

PRESIDENT’S MESSAGE SPRING HAS SPRUNG !

Greetings to all! Have you ever visited our website, www.kwbhotels.com? The site
provides an overview of our company and properties, career
Well, we made it through the first opportunities and also news sources on the hotel industry. Check it out
quarter of 2021 and are looking when you have the chance. Below is an excerpt from a recent article. If
forward to spring and summer. you are interested in learning more, please check out our website!

I once again express my thanks The COVID-19 pandemic brought business to a near standstill for some
and gratitude to everyone on the hotels in the U.S., but as more Americans are vaccinated, big demand
team for your perseverance and growth is expected in 2021 and 2022. According to STR, demand is
hard work. We are beginning to expected to increase 18% this year and increase 25.2% in 2022. The
forecast was created on a base-case scenario of 60% of the U.S.
see the signs of a return of the population being vaccinated by June.
leisure traveler and are looking
Average daily rate is expected to increase 4.2% this year, and that
forward to the return of the growth varies by chain scale. ADR for 2022 is expected to grow at a rate
business traveler! of 8.2% and RevPAR is expected to grow 21.6% this year.

Make sure you take care of Leisure demand is back in most markets, including on weekends in
yourselves, your families, your Midwest markets such as Indianapolis and Kansas City. Many hotels are
friends and your co-workers. also starting to book group business in sectors such as government and
health care. Given that leisure is still driving demand, experts predict
God bless you and your families! RevPAR won't reach 2019 levels until 2024.

Pent-up demand for leisure travel will help this summer, but group
demand is needed for the industry to completely bounce back. Group
demand is expected to still be down 40% to 50% compared to the fourth
quarter of 2019 and it will likely be 2022 before group demand will
effectively help drive the recovery for the industry.

Residence Inn – Littleton, Colorado

Kerry W. Boekelheide 1

CHECKING IN: ISSUE 2 – SECOND QUARTER 2021

As we move toward recovery from the COVID-related downturn we have experienced, the table
below provides a good overview of our portfolio of nine hotels. From 2019 as our properties were
in the ramp-up process, to the sudden and extreme decrease that hit us in March 2020, to what we
now see as the beginning of the recovery period as we move through 2021 and beyond.

This table shows the performance of the total portfolio. As we move forward throughout the year
we will dive deeper into greater detail to illustrate our three markets and then each of our nine
individual properties. This will help give everyone a better idea of how each property is
performing, and the important role each property plays in our plans for growth and success!

Upcoming Events and Important Dates

Keep these events and dates in mind as they may affect travel and demand in your market!

April Fool’s Day Thursday, April 1st

Good Friday Friday, April 2nd

Easter Sunday, April 4th

Earth Day Thursday, April 22nd

Cinco de Mayo Wednesday, May 5th

Mother’s Day Sunday, May 9th

Armed Forces Day Saturday, May 15th

Memorial Day Monday, May 31st

Father’s Day Sunday, June 20th

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CHECKING IN: ISSUE 2 – SECOND QUARTER 2021

KWB CREW SPOTLIGHT: MICHAEL BLISS

Mike is our Assistant Director of Hotel Operations & Sales for our
portfolio of nine hotels. Mike works hand-in-hand with Edee Summers

(our Director of Hotel Operations & Sales) in the oversight of
operations for our portfolio of hotels. In addition to these day-to-day
responsibilities, Mike is our “man-of-action”; going where we need him

to go and taking care of what we need done.

Here’s what Mike has to say about himself:
Mike (left) and Oliver

I grew up on our family farm near Bottineau, ND – only five miles away from the Canadian border!
My family mainly grew small grains and had beef cattle. I currently reside in Bismarck, ND, with my

three-year-old French Bulldog, Oliver. Ollie and I like to sneak away up to Bottineau to visit my
family and enjoy the lake life at the family cabin.

Right after high school, I started working as a night auditor at a small lakeside property near my
hometown. I instantly fell in love with hospitality and was so eager to learn and grow. Twenty-one
years later, I can still proudly say that I work in hospitality! I began my career with KWB a little over

a year ago supporting hotel operations and facilities.

As many of you may know, I will be relocating to Kansas City this spring! I grew up being a Green
Bay Packers fan, but considering my new location, the Chiefs will now be my (second) favorite team.

Lake Metigoshe – Bottineau, ND

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CHECKING IN: ISSUE 2 – SECOND QUARTER 2021

APRIL

Carson Taber Courtyard – Littleton 1
Consuela Repama
Melissa Dacus Home2 Suites – Gilbert 2
Alexander Clement
Alysa Holoman Hampton Inn & Suites – Overland Park 4
Kristine Estrada
Mohamed Abdi Residence Inn – Littleton 18
Thomas Van Story
Hampton Inn & Suites – Overland Park 25
M Refugio Sanchez
Benjamin Tipton Home2 Suites – Gilbert 28
Vincent Bravo
Wendy Smith Home2 Suites – Gilbert 28
Megan Newberry
Leo Buse Hyatt Place – Chandler 30

Valerian Moffett MAY
Sarah Gummert
Nicolas Chapman Candlewood Suites – Lenexa 10
Enedina Vasquez de Acevedo
Shane Gentry Hampton Inn & Suites – Overland Park 13
Christopher Mundorf
Bryce Merrill Hyatt Place – Chandler 21
Lizzeta Guevara
Michael Moreno Hampton Inn & Suites – Overland Park 22

Candlewood Suites – Lenexa 27

Kansas City Area –Market Sales 28

Home2 Suites – Gilbert, JUNE
Home2 Suites – Overland Park 4
Home2 Suites – Gilbert 5
Hyatt Place 6
Home2 Suites – Overland Park 6
Courtyard – Littleton 12
Staybridge Suites – Littleton 16
Hyatt Place – Chandler 18
Hyatt Place – Chandler 23
28

7 YEARS KWB Home Office - Sioux Falls 4/1/2014
JoLynn Sorum KWB Home Office – Sioux Falls 4/1/2014
Dan Boyum
5/10/2018
3 YEARS Hampton Inn & Suites – Overland Park 5/16/2018
Wendy Smith Staybridge Suites – Littleton 6/4/2018
Christopher Skojec Staybridge Suites – Littleton
Augustus Johnston 4/18/2019
5/6/2019
2 YEARS Director of Operations & Sales 6/17/2019
Edee Summers Courtyard – Littleton 6/26/2019
James Maes Home2 Suites – Overland Park
Rika Ufford Hampton Inn & Suites – Overland Park 6/27/2020
Taylor Drake

1 YEAR Staybridge Suites – Littleton
Renee Leavitt

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