Laurus Completes its $10 Million Renovation to Hilton Kansas City

KANSAS CITY, Mo., May 8, 2015 /PRNewswire/ -- Laurus Corporation, a U.S.-based private real estate investment and development firm, announces the completion of a $10 million renovation of the Hilton Kansas City Airport Hotel. The extensive overhaul reinvigorated all areas of the hotel providing sleek, art deco influences incorporating deep brown, gray colors and neutral tones, all of which warmly welcome hotel guests. Upgrades included a complete revamp of the restaurant and bar under the "Asado Grill" brand featuring exceptional cuisine, casual elegance and quality service, the perfect setting for an unforgettable meal.

"As a company, we place significant emphasis on the fact that getting the job done right means the product needs to be right. Our talented team delivers the vital elements – superior service levels, inviting ambience, appealing decor, fine dining, etc. – that define the guest experience and create a memorable, lasting impression," says Andres Szita, Chairman and Co-founder of Laurus Corporation.

All 347 guest rooms and guest bathrooms are completely renovated, with stylish new carpeting, sophisticated stonework, modern artwork, and novel furnishings conveying a relaxing atmosphere. Three elegantly appointed ballrooms boast 21,000 square feet of total meeting space to cater to virtually any size event. The largest meeting room accommodates up to 700 people in a theater-style setting while the smallest meeting room can fit up to 12 people comfortably. The newly renovated indoor/outdoor pool and lounge is designed to create an oasis for guests to relax and unwind.

Surrounded by more than six million square feet of office space, including several Fortune 500 companies, the hotel offers proximity to shopping, dining, and other entertainment venues. The property benefits from being strategically located less than five minutes away from the Kansas City International Airport. In addition, the recognizable strength of the Hilton brand and its highly credible reservation system underscore the hotel's dominance in the market.

"Since we acquired the property in 2012, our team has done a remarkable job implementing our value-add business plan for this asset," noted Philip Cyburt, Chief Executive Officer of Laurus Corporation. "Revenue, guest satisfaction and bottom line performance have improved dramatically which is proof of Laurus' ability to undertake complex repositioning programs."

Hilton Kansas City Airport is located at 8801 NW 112th Street, Kansas City, Missouri, 64153.

Laurus Corporation is a real estate investment and development company that specializes in hotels and resorts, office buildings, multifamily and mixed-use properties. Laurus employs an entrepreneurial investment strategy designed to consistently achieve attractive risk-adjusted returns by creating capital appreciation opportunities through repositioning, restructuring, re-development and intensive post acquisition asset management.  It is affiliated with Ethika Investments, LLC, a real estate investment firm.

Laurus Corporation
1880 Century Park East, Suite 1016
Los Angeles, CA 90067
Phone: (310) 277-8600
Fax: (310) 362-0353
http://www.lauruscorporation.com

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SOURCE Laurus Corporation