Joint Venture Between Wexford Lodging Advisors and Trinity Private Equity Group Acquires 398-Room Marriott Kansas City Overland Park

USA, Overland Park, Kansas. September 12, 2019

Officials of a joint venture comprised of Wexford Lodging Advisors, a leading hotel investment and asset management firm, and Trinity Private Equity Group, one of the nation's top alternative investment firms, today announced the acquisition of the 398-room Marriott Kansas City Overland Park. The joint venture will invest approximately $17 million to upgrade the property's guest rooms and public spaces. Davidson Hotels and Resorts, one of the nation's largest third-party management companies, will operate the hotel.

"We are very pleased to announce our second acquisition with Trinity Private Equity Group, following our acquisition in April of the DoubleTree Suites Nashville Airport. The Marriott Kansas City Overland Park is a perfect example of what we target: it is a well-located property in a market with strong demand generators that will benefit greatly from a comprehensive renovation and from Wexford's hands-on asset management," said John Rosen, president, Wexford Lodging Advisors. "We are also excited to work with Davidson Hotels & Resorts to plan and implement the repositioning this prominent hotel deserves."

In addition to a full guestroom remodel, Wexford's plan includes renovation of the meeting space and lobby, in addition to the introduction of Marriott's M Club concierge lounge, as well as development of a brand new, best-in-class fitness center experience.

"Kansas City is a bourgeoning market, and the Marriott Kansas City Overland Park is at the heart of the action," said Davidson Hotels & Resorts President Thom Geshay. "We're excited to work with Wexford Lodging Advisors and Trinity Private Equity Group on cultivating an enhanced guest experience that meets the growing demand for upscale properties in the region."

Located at 10800 Metcalf Ave., the 11-story hotel is situated on I-435 within 20 million square feet of office space, proximate to major headquarter offices, including Black & Veatch, Sprint, YRC and AMC Theaters.

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Architecture & Design: Biophilic Design

The hospitality industry is constantly evolving to meet and exceed guest expectations. As a result, hotels are always on the lookout for new ways to improve the guest experience, and architecture and design is an essential part of this equation. Bold design is often the most effective way to make an exceptional first impression - an impression guests use to distinguish between brands. One design trend that is being embraced worldwide has become known as “Biophilic Design.” Biophilic design is based on the concept of biophilia, which is the theory that human beings have an innate tendency to seek out nature, natural elements, and natural forms. Biophilic design is more than hotels simply adding a surplus of plants; it involves incorporating specific design elements into a hotel in order to imbue it with a sense of wellness and well-being. Some of those elements include exposure to natural lighting; views of nature and rooms with a view; natural architectural patterns; salvaged or reclaimed woods of all types; reclaimed metals; sustainably sourced stone; living green walls and vertical gardens; and direct and indirect exposure to nature. Hotels that have incorporated biophilic design into their properties are reaping the benefits associated with this trend including reduced stress responses, better air quality, lower energy costs, and more positive guest reviews. Biophilic design has also been shown to improve guest moods and to satisfy consumer demand for environmental responsibility. Savvy hotel owners and managers are aware that nature-inspired elements enhance their guests' comfort and well-being, which is why this trend is becoming so prevalent. Biophilic design is just one topic in the fields of hotel architecture and design that will be examined in the November issue of the Hotel Business Review.