Court Appointed Receiver, Kinseth to Operate Two Properties in Minnesota
North Liberty, IA - September 2, 2010 - Kinseth Hospitality Companies (KHC), an Iowa based hotel development and management company, announced they began managing the Cambria Suites in Maple Grove, Minnesota, and the Country Inn & Suites and attached Green Mill Restaurant in Woodbury, Minnesota, during the month of August, 2010. In both instances, KHC was selected as a Court Appointed Receiver to operate the properties.
Bruce Kinseth, Senior Vice President of Kinseth Hospitality Companies said, “KHC's past experience, now managing over 4,700 hotel rooms throughout the Midwest, and our operation of high volume, casual themed restaurants gives us a unique background to bring our hospitality vision to both of the properties we assumed management of in August. We intend to use our hospitality sales and marketing experience to maximize the revenues for both of the properties in the short term.”
Bruce Kinseth comments further, “Given the past success that KHC has as a Court Appointed Receiver and our ability to safe-guard hotel assets for lenders, we have continued to increase the number of hotel management contracts within our portfolio during 2010. We are currently in discussion with other hotel financiers who are in need of an experienced hotel management company.”
As Iowa's largest hotel operator, Kinseth Hospitality Corporation now owns and/or operates forty-seven hotels and ten chain-affiliated restaurants in ten Midwestern states. For more information regarding KHC please visit www.kinseth.com or call 319-626-5600.
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