About KWB Hotel Partners

Securities Offered through Orchard Securities, LLC, Member FINRA/SiPC

We have been building, buying, 

owning and operating premiumbranded, 

focused-service hotels for 

nearly 40 years— and we are REALLY 

good at it. 

—KERRY W. BOEKELHEIDE, PRESIDENT 

WHO WE ARE 

Kerry W. Boekelheide is the KWB of KWB Hotel Partners, LLC and this company 

is the latest chapter in Kerry’s long history of success in the hospitality industry. 

Tapping into nearly 40 years of experience, KWB builds, buys, owns and operates 

premium-branded focused service and extended stay hotel properties. 

Our goal is to build a diversified portfolio of best-in-class hotels across the 

United States and we work toward this goal side-by-side with our investors. 

KWB offers unique hotel property investment opportunities focused on capital 

preservation, capital appreciation and attractive cash-on-cash returns. Our strategy 

of developing, acquiring, owning and operating a diversified, premium branded 

portfolio of hotels while maintaining a disciplined, conservative capital structure 

has proven to be successful for nearly four decades. 

02 | KWB

PROVEN & EXPERIENCED MANAGEMENT 

STRONG INDUSTRY TIES & AN EXTENSIVE NETWORK OF INDUSTRY RELATIONSHIPS 

KERRY W. BOEKELHEIDE 

PRESIDENT, MANAGING MEMBER 

Mr. Boekelheide is President of KWB 

Hotel Partners, LLC. Mr. Boekelheide 

has over 39 years of experience 

owning, operating, managing, 

acquiring, building and selling 

hotels. From 1991 through 2011, 

Mr. Boekelheide was an owner and President of The Summit 

Group, Inc. (“SGI”). SGI was the managing member of 

Summit Hotel Properties, LLC (“SHP, LLC”). SGI, SHP, LLC and 

their affiliates developed and acquired 94 hotels from 1991 

through 2010, 28 of which were sold. SGI managed and 

operated all of the hotels during this time period. 

In 2011, SHP, LLC merged with Summit Hotel Properties, 

Inc. (“SHP, Inc.”) which filed its initial public offering (IPO) on 

February 8, 2011. Mr. Boekelheide served as the Executive 

Chairman of the Board of Directors for SHP, Inc. (NYSE: INN) 

from the IPO through July 30, 2015, when he retired from 

that position. 

Prior to forming SGI, Mr. Boekelheide was the President 

and CEO, as well as a significant shareholder, of Super 

8 Management, Inc., which was responsible for the 

management of over 100 Super 8 Motels located across the 

United States and Canada. In addition, he held numerous 

other positions in various companies that developed, owned 

and operated Super 8 Motels in the United States and 

Canada. 

CAREER HIGHLIGHTS 

• KWB, LLC/KWB Hotel Partners, LLC (2014 – Present) 

° Principal and President 

• Summit Hotel Properties, Inc. (2011- 2015 

° Executive Chairman of the Board 

• The Summit Group, Inc. (1990-2011) 

° Founder, Director, President (1990-2006 

° Chairman (2006-2011) 

• Summit Hotel Properties, LLC (2004-2011) 

° Member of board of managers 

• Summit Green Tiger Investments, LLC (2007 – 2015) 

° Manager, CEO and President; developed and 

sold a Biofuel plant; acquired various apartment 

complexes 

• Summit Capital Partners, LLC (2003 – 2015) 

° Sole shareholder of broker/dealer company 

used to raise capital; raised $200M and 

maintained a private investor base of over 1,000 

• Super 8 Management, Inc., Shareholder 

° President and CEO; responsible for the 

pre-opening, opening and operating of over 100 

Super 8 Motels in the United States and Canada 

(1980-1988) 

° President and CEO of Super 8 Motels of 

Canada (1988-1990 

° President and CEO of Super 8 Motel Williams 

Lake, BC Canada (1990-2003) 

• Boekelheide-Rivett Developers, Inc. (1983-1988) 

° Partner; responsible for site selection, 

financing and supervising the development of 

eight Super 8 motels 

• Super 8 Motels Inc. (1980-1984) 

° Corporate Pilot, as a Certified Commercial 

Pilot and Flight Instructor responsible for 

providing air transportation services for Super 8 

ownership and executive team 

KWB | 03

DAN BOYUM 

VICE PRESIDENT, 

CAPITAL MARKETS & 

DEVELOPMENT 

Dan is Vice President of Capital 

Markets and Development 

of KWB, LLC. Dan’s primary 

role is development of equity 

capital sources and investor relations. Additionally, Dan’s 

responsibilities include oversight of hotel acquisition 

and development, market evaluation and portfolio value 

enhancement. Dan served as Vice President of Investor 

Relations for SHP, Inc. from its inception in 2011 through 

March 2014. He served as Director of Sales for Summit 

Capital Partners, LLC from 2008 through 2011. Summit 

Capital Partners, LLC was a registered broker-dealer which 

raised equity and debt investments for SHP, LLC and nonhotel 

real estate companies owned by Mr. Boekelheide. 

Prior to joining Summit Capital Partners, LLC, Dan served 

as a Registered Representative 1992 to 2008 with 

various investment firms including Morgan Stanley and 

Dain Bosworth. 

DANNY AMUNDSON 

VICE PRESIDENT, 

ASSET MANAGEMENT & FINANCE 

Danny is Vice President of 

KWB Hotel Partners, LLC and 

Vice President – Development 

and Finance of its Managing 

Member, KWB, LLC. Danny’s 

responsibilities include oversight of hotel operations as 

well as identification and analysis of development and 

acquisition opportunities and implementation of debt 

structure. Danny is also responsible for leading real 

estate due diligence and the development process. Prior 

to joining KWB, LLC Danny founded, owned and operated 

Inside the Ropes, a philanthropic international hospitality 

and event management company. Danny also served 

as Director of Membership of Sutton Bay Golf Club. 

Danny received his B.S. degree in Business Finance from 

Belmont University in Nashville, TN. 

JOLYNN SORUM 

CONTROLLER, 

TREASURER & SECRETARY 

JoLynn has over 20 years of 

experience managing the 

accounting, tax and audit 

functions of hotel companies. 

JoLynn served as Vice President, 

Controller and Chief Accounting Officer for SHP, Inc. from 

its inception in 2011 through April 2013. She also served 

as the Controller for Summit Hotel Properties, LLC from its 

inception in 2004 through 2011, and as the accounting 

manager and Controller for The Summit Group Inc. from 

1998 through 2011. Prior to that she was employed by 

First Premier Bank as a Finance Officer for three years and 

for Western Bank as an Internal Auditor for seven years. 

JoLynn is a Certified Public Accountant, currently serving 

as President of the South Dakota CPA Society. JoLynn 

earned a B.S. degree in accounting from Huron University. 

LYNETTE CROSS 

DIRECTOR, RECRUITING & 

HUMAN RESOURCES 

Lynette is an accomplished 

professional with 15 years of 

human resource and talent 

acquisition experience. She has 

earned a reputation for dedication 

and teamwork making her an approachable, accessible 

and credible business partner and collaborator across all 

levels of an organization as it relates to employee relations 

and recruitment. Lynette holds a BA in Health and Hospital 

Administration from Augustana University and has extensive 

experience in the hospitality industry having started her 

hotel HR career with The Summit Group, Inc. in 2008 

before transitioning to the Corporate Talent Acquisition 

team for Interstate Hotels & Resorts in 2011. Since joining 

the KWB family in 2017, Lynette has been committed to 

creating a firm foundation upon which to build our Human 

Resources division, forming a solid pipeline for recruiting 

top talent while fostering associate engagement and talent 

development across the company. 


EDEE SUMMERS 

REGIONAL DIRECTOR, 

SALES & MARETING 

Edee is responsible for the 

strategic planning, execution 

and management of the 

overall sales and marketing 

plans for our portfolio of 

hotels in order to maximize revenue and hotel profit 

objectives. Edee provides leadership and oversight 

of the Sales Managers in each of our hotels and 

is responsible for developing and recommending 

sales strategies, room mixing and pricing. Edee is a 

proven sales professional with solid qualifications and 

proven success in account management and customer 

relationship building, bringing over 24 years of 

experience in the hospitality industry. 

RANDY ROELOFSZ 

DISTRICT OPERATIONS MANAGER 

Randy is responsible for 


and management of the 

overall operations of our hotels 

in the Kansas City market. 

Randy’s primary objective is 

to provide leadership and oversight to achieve optimal 

financial performance, guest service performance, and 

associate satisfaction while maximizing revenue and 

hotel profit objectives. Randy has over 25 years of 

professional hospitality management experience and has 

successfully demonstrated the ability to deliver excellent 

performance. 

KERRY MURPHY 

REGIONAL DIRECTOR, 

REVENUE MANAGEMENT 

Kerry is responsible for 

maximizing room revenue 

and yield penetration utilizing 

analytical and technical 

knowledge of hotel reservations 

and front office systems for all hotels in our portfolio. 

Kerry is responsible for developing and recommending 

sales strategies, room mix and pricing and provides 

leadership and oversight of these functions in each of the 

hotels in our portfolio. Kerry has over 20 years of diverse 

experience in the hospitality industry, demonstrating 

consistent and proven success in hotel revenue 

management. 

KEVIN CORPREW 

DISTRICT OPERATIONS MANAGER 

Kevin is responsible for 


and management of the overall 

operations of our hotels in the 

Denver and Phoenix markets. 

Kevin’s primary objective is to 

provide leadership and oversight to the management 

and staff of each hotel in order to achieve optimal 

financial performance, guest service performance, 

and associate satisfaction while maximizing revenue 

and hotel profit objectives. Kevin has over 27 years of 

professional hospitality experience with a proven record 

of success. 


WHY KWB HOTEL PARTNERS, LLC 

A DIFFERENTIATED INVESTMENT THESIS 

Investor-focused, Fee Lean 

COMPARISON OF FEES 

TYPICAL FEES OTHER SPONSORS KWB 

Asset Management 1% Reimbursed at cost 

Acquisition¹ 2% Reimbursed at cost 

Disposition 1%-4% Reimbursed at cost 

Loan Guarantee² 1% None 

Construction 4% Reimbursed at cost 

Property Management Expense 

Passed through at cost, with no markup 

Great markets, great sites, great brands 

Marriott, Hilton, InterContinental Hotels Group and Hyatt: Premium brands with global reservation and bookings systems and 

over 250 million enrolled loyalty members 

Best-in-class operations focused on efficiency and profitability 

A systematic approach based on nearly 40 years of proven success 

Conservative approach to leverage 

Typical structure calls for 40% equity, 60% leverage. 20-year amortization on structured mortgages to aggressively pay down debt 

Geographic diversity utilizing clustering strategy to gain efficiencies and maximize 

potential profits 

Kansas City metro – 4 properties 

Denver metro – 3 properties 

Phoenix metro – 2 properties 

1 

In certain circumstances, Kerry W. Boekelheide, KWB or 

affiliates of either may acquire hotels or land and later sell 

them to the Company. The sale price shall not be higher than 

the market value of the hotel or of the land, at its then-current 

state of development. 

2 

The Company has borrowed, and may borrow in the future, 

from Kerry W. Boekelheide, KWB, their affiliates or other 

members. Generally, these loans provide bridge financing or 

renovation financing to enable the Company to acquire land, 

acquire a hotel or otherwise accomplish its purposes until 

permanent financing or equity is available. Such loans will 

either be repaid with funds raised in this Offering, refinanced 

with bank financing, or have their maturity dates extended. 

The lenders also have the option to convert the loan to equity 

at any time prior to payoff at the rate of 1 Unit per $50,000 

converted. Such loans accrue interest at the annual rate of 8% 

but do not include any Loan Guarantee fees. 


A SIMPLE STRUCTURE 

As shown in the table below, all classes of Unit holders in KWB Hotel Partners, LLC are entitled to an 8.00% per annum 

Priority Return on their contributed capital. Investors contributing larger amounts are entitled to a larger share of 

profits above the Priority. This additional amount reduces the share of profits to KWB, LLC, the Managing Member, and 

does NOT adversely affect the other Unit class holders. 

UNIT 

CLASS 

CONSOLIDATED PROFORMA¹ 

MINIMUM 

INVESTMENT 

PRIORITY 

RETURN 

OFFERING 

SHARE 

A $5,000,000 8.00% 75% 

A-1 $3,000,000 8.00% 70% 

A-2 $1,000,000 8.00% 65% 

B $50,000 8.00% 60% 

OCCUPANCY %¹ 

AVERAGE DAILY RATE¹ 

REVPAR¹ 

70.7% 

$121.59 

$85.92 

72.5% 

$125.71 

$91.16 

73.6% 

$129.83 

$95.58 

74.4% 

$133.58 

$99.34 

74.7% 

$137.61 

$102.86 

TOTAL OPERATING REV¹ $32,244,599 $34,312,592 $35,971,226 $37,352,724 $38,647,366 

NET OPERATING INCOME¹ $12,817,735 $13,901,929 $14,746,222 $15,401,251 $15,995,888 

NET OPERATING INCOME %¹ 39.75% 40.52% 40.99% 41.23% 41.39% 

LESS DEBT SERVICE² $(6,505,965) $(6,820,965) $(6,820,965) $(6,820,965) $(6,820,965) 

LESS PRIORITY RETURNS³: 

CLASS A, A-1, A-2, B 

TOTAL CASH AVAILABLE 

FOR DISTRIBUTION 

$(5,814,000) $(5,814,000) $(5,814,000) $(5,814,000) $(5,814,000) 

$497,770 1,266,964 $2,111,257 $2,766,286 $3,360,923 

FORECASTED RETURNS 4 - 8.00% PRIORITY + PROFITS SHARES 

YEAR 2019 2020 2021 2022 2023 

CLASS A 8.51% 9.31% 10.18% 10.85% 11.47% 

CLASS A-1 8.48% 9.22% 10.03% 10.66% 11.24% 

CLASS A-2 8.45% 9.13% 9.89% 10.47% 11.01% 

CLASS B 8.41% 9.05% 9.74% 10.28% 10.77% 

1 

Occupancy, Average Daily Rate, RevPAR, Total Operating 

Revenue and Net Operating Income includes estimates for (i) 

seven (7) open KWB Hotel Partners hotels and (ii) Residence Inn 

and Courtyard by Marriott hotels located in suburban Denver, 

CO, anticipated to be acquired on March 31, 2019. 

2 

Hotel debt is placed with Metabank, First Dakota National 

Bank and UMB Bank. Annual Debt Service assumes the 2nd 

mortgages on the Candlewood Suites and Holiday Inn Express 

& Suites in Lenexa and the Staybridge Suites in Littleton will 

be paid off in 2019 with offering proceeds. The Home2 Suites 

Overland Park loan is interest-only for 2019. 

3 

An 8% annual Priority Return may be paid to all Class A, 

A-1, A-2 and B members, in accordance with the Company’s 

Operating Agreement. Priority Return estimates include 

replacement of 2nd mortgage, Principal & Interest with investor 

equity and raising $50,000,000 in the Offering. If $50,000,000 is 

raised in the Offering, KWB Hotel Partners, LLC will have raised 

total equity in the amount of $72,675,000. 

4 

Class A, A-1, A-2 and B Members are entitled to 75%, 70%, 

65% and 60% respectively of Projected Additional Distributions. 

Additional amounts above the 60% Class B reduce distributions 

to the Class C Member, KWB, LLC. Assumes 25% of equity 

received from each class. 


WHY NOW? 

THE BIG PICTURE 

Build a portfolio of size and scale over the next 5–7 years 

It is our goal to put together a portfolio of top-quality hotels over the next 5–7 years. It is our belief 

that portfolios of size and scale can potentially sell at a significant premium over smaller portfolios 

or one-off transactions. We will focus on top 150 Metropolitan Statistical Areas (MSAs) and on top 

franchises; Hilton, Marriott, IHG and Hyatt with an emphasis on extended stay properties where 

appropriate franchises are available. We will seek opportunities for growth based on market 

conditions in each individual market. 

SHORT STORY 

Build a solid base for our portfolio in 

the near-term, look to accretively and 

strategically grow over the medium-term in 

order to build a portfolio of size and scale 

over the long term. 

Make hay while the sun shines. 

—MY DAD 


Be fearful when others are greedy and be 

greedy when others are fearful. 

—WARREN BUFFETT 

OUTLOOK 2019 FORECAST 2020 FORECAST 

Supply 1.9% 1.9% 

Demand 1.9% 1.7% 

Occupancy 0.0% -0.2% 

ADR 2.3% 2.2% 

RevPAR 2.3% 1.9% 

Smith Travel Research: Total US – Key Performance Indicator Outlook (% Change vs. Prior Year) 2019F-2020F 

It is our belief that the lodging cycle is historically marked by longer, sustained growth and upward 

trends followed by sharp and short downward trends, as the chart below illustrates. We further 

believe that the opportunities for effective growth through acquisitions or development are infrequent 

and short-lived. The hospitality sector is operationally intensive and we believe it is critical to have 

established and seasoned ownership in place to take advantage of these periodic downturns to most 

effectively and profitably grow our portfolio over the next 5–7 years. 

15 

10 

5 

5.5 

2.1 

6.0 

6.2 

5.7 

5.2 5.0 

3.6 

3.3 

2.8 

2.5 

7.7 

6.1 

8.2 8.2 

6.7 

6.1 

5.4 5.2 

3.1 2.9 2.9 

2.0 

0 

0.4 

-5 

-2.5 

-2.4 

8.0 8.6 -16.6 

-2.0 

2019E 

-10 

-6.7 

-15 

-20 

Smith Travel Research - Total United States Annual RevPAR Growth 1989-2019E 


CURRENT & TARGETED MARKETS 

KWB Hotels Headquarters – Sioux Falls, SD 

Current Properties 

Candlewood Suites – Kansas City (Lenexa, KS) 

Holiday Inn Express & Suites – Kansas City (Lenexa, KS) 

Hampton Inn & Suites – Kansas City (Overland Park, KS) 

Home2 Suites by Hilton – Kansas City (Overland Park, KS) 

KWB HOTEL PARTNERS HEADQUARTERS 

Sioux Falls, SD 

Staybridge Suites – Denver (Littleton, CO) 

Courtyard by Marriott – Denver (Littleton, CO) 

Residence Inn by Marriott – Denver (Littleton, CO) 

Hyatt Place – Phoenix (Chandler, AZ) 

Home2 Suites by Hilton – Phoenix (Gilbert, AZ) 

CURRENT PROPERTIES 

Candlewood Suites – Kansas City (Lenexa), KS 

Holiday Inn Express & Suites – Kansas City (Lenexa), KS 

Hampton Inn & Suites – Kansas City (Overland Park), KS 

Home2 Suites by Hilton – Kansas City (Overland Park), KS 

Staybridge Suites – Denver (Littleton), CO 

Courtyard by Marriott – Denver (Littleton), CO 

Residence Inn by Marriott – Denver (Littleton), CO 

Hyatt Place – Phoenix (Chandler), AZ 

Home2 Suites by Hilton – Phoenix (Gilbert), AZ 

We are city and state agnostic. Our focus is on top brands (Marriott, Hilton, IHG and 

Hyatt) in top markets, the top 150 cities in the United States, generally in the states 

highlighted in green. Acquisition targets in these markets with multiple demand 

generators are our focus. 

TOP 25 MSAs 

TOP 50 MSAs 

TOP 100 MSAs 

TOP 150 MSAs 


TOP TARGETED CITIES 

We are city and state agnostic. Our focus is on top brands (Marriott, Hilton, IHG and Hyatt) in top markets, the top 150 cities in the 

United States, generally in the states highlighted in green. Acquisition targets in these markets with multiple demand generators are 

our focus. 

4 Dallas-Fort Worth-Arlington, TX 

5 Houston-The Woodlands-Sugar Land, TX 

7 Miami-Fort Lauderdale-West Palm Beach, FL 

9 Atlanta-Sandy Springs-Roswell, GA 

15 Seattle-Tacoma-Bellevue, WA 

16 Minneapolis-St. Paul-Bloomington, MN-WI 

18 Tampa-St. Petersburg-Clearwater, FL 

22 Orlando-Kissimmee-Sanford, FL 

23 Charlotte-Concord-Gastonia, NC-SC 

24 San Antionio-New Braunfels, TX 

25 Portland-Vancouver-Hillsboro, OR-WA 

30 Austin-Round Rock, TX 

34 Indianapolis-Carmel-Anderson, IN 

36 Nashville-Davidson-Murfreesboro-Franlkin, TN 

37 Virginia Beach-Norfolk-Newport News, VA-NC 

41 Oklahoma City, OK 

43 Memphis, TN-MS-AR 

45 Louisville/Jefferson County, KY-IN 

47 Salt Lake City, UT 

49 Birmingham-Hoover, AL 

53 Tuscon, AZ 

55 Tulsa OK 

US Metropolitan Statistical Areas MSAs. The United States Office of Management and Budget (OMB) 



KWB HOTEL PARTNERS PORTFOLIO 

Candlewood Suites – Kansas City (Lenexa), KS 

The 96-unit Candlewood Suites hotel opened January 23, 2018. 

This extended-stay hotel primarily appeals to guests who stay for 

seven or more nights. Each guestroom is fully equipped with a 

refrigerator, stovetop, microwave, plenty of counter space and a 

dishwasher. The hotel also features guest laundry facilities and an 

outdoor patio and grilling area. 

Holiday Inn Express & Suites – Kansas City (Lenexa), KS 

The 96-unit Holiday Inn Express & Suites is located adjacent 

to the Candlewood Suites and opened March 22, 2018. 

The Holiday Inn Express & Suites is a focused-service hotel 

featuring complimentary breakfast, an indoor pool, fitness 

room, guest business center and a conference room to 

accommodate small business or family meetings. 

Hampton Inn & Suites – Kansas City (Overland Park), KS 

The 101-guestroom Hampton Inn & Suites located one block from our 

Home2 Suites by Hilton property was completed and opened on 

May 29, 2018 and acquired on September 1, 2018. The Hampton 

Inn & Suites provides guest rooms that feature a 42-inch HDTV, 

microwave, mini-refrigerator and coffeemaker. Studio suites add a 

living area, bar sink and sofa bed. 



Home2 Suites by Hilton - Kansas City (Overland Park), KS 

The 123-guestroom Home2 Suites by Hilton was completed in late 

January 2019 and was acquired on January 29, 2019 with the hotel 

opening for business on February 20, 2019. The property is located a 

block east of our Hampton Inn & Suites hotel. 

Staybridge Suites – Denver (Littleton), CO 

The 105-guestroom Staybridge Suites opened on June 1, 2018 and is 

located adjacent to our Courtyard by Marriott and Residence Inn by 

Marriott properties. This extended-stay hotel caters primarily to guests 

seeking to stay seven or more nights. Each room features a fully equipped 

kitchen with a cooktop stove, microwave, full refrigerator and dishwasher. 

The hotel also features regular complimentary food and drink social hours, 

and a daily complimentary hot breakfast buffet. 

Courtyard by Marriott - Denver (Littleton), CO 

The 124-guestroom Courtyard by Marriott opened Q4 2016 and was 

acquired by KWB Hotel Partners on March 27, 2019. This upscale 

focused-service hotel is located adjacent to our Residence Inn by 

Marriott and Staybridge Suites properties and provides spacious rooms 

with functional elements and features designed to streamline your 

experience. The property has an indoor pool and outdoor firepit as well 

as a large event and meeting space for group gatherings. The property 

is in close proximity to Southwest Denver corporations including 

Lockheed Martin, CenturyLink, and Visa and is located just minutes 

from the light rail system. Other nearby attractions include Red Rocks 

Amphitheatre, Mile High Stadium, Pepsi Center, Coors Field, Chatfield 

State Park, Arrowhead Golf Club, and Mount Evans. Fantastic shopping 

is also nearby at Aspen Grove Shopping Center and Park Meadows Mall. 





Residence Inn by Marriott - Denver (Littleton), CO 

The 116-guestroom Residence Inn by Marriott opened Q4 2017 and was 

acquired by KWB Hotel Partners on March 27, 2019. This upscale extendedstay 

hotel is located adjacent to our Courtyard by Marriott and Staybridge 

Suites properties. Our locations provide convenient access to Downtown 

Denver via light rail; Denver Tech Center and mountain access are moments 

away via C-470. Our extended-stay guestrooms provide the conveniences 

you need including spacious suites, amenities, and evening socials. Studio 

and one-bedroom suites with separate living and sleeping areas are available 

to meet your travel needs. Each room provides a fully equipped kitchen 

and complimentary grocery delivery service. Free hot breakfast starts your 

mornings off right and our evening social helps unwind and reconnect. 

Hyatt Place – Phoenix (Chandler), AZ 

The 129-unit Hyatt Place in downtown Chandler, Arizona was acquired on 

January 1, 2019. The hotel was originally built in 1993 and underwent 

a $10,000,000 renovation and conversion to a Hyatt Place in 2014. 

The modern suite-like hotel rooms offer an impressive layout including 

exceptional living space for business and leisure travelers, as well as families 

traveling with their sports team. 

Home2 Suites by Hilton – Phoenix (Gilbert), AZ 

The 107-unit Home2 Suites by Hilton opened September 18, 2018. This is 

an extended-stay hotel offering studio suites and one-bedroom suites. Each 

room features functional space with extra shelving and drawer space for 

personal storage, an ergonomic chair and table with wheels. All suites are 

complete with a living area that features a full-sized sleeper sofa. 


IMPORTANT INFORMATION 

Risk Factors 

The information contained herein is confidential information 

regarding the KWB Hotel Partners, LLC Confidential 

Private Placement Memorandum dated February 25, 2019 

(“Memorandum”). By accepting this information, the recipient 

agrees that it will, and it will cause its directors, partners, officers, 

employees and representatives to, use the information only to 

evaluate its potential interest in the private offering described in 

the Memorandum and for no other purpose and will not divulge 

any such information to any other party. Information herein has 

been summarized but should not be assumed to be complete. 

Please refer to the Memorandum and all exhibits for more detailed 

information. Any reproduction of this information, in whole or in 

part, is prohibited. By accepting delivery of these materials, each 

recipient hereof agrees to the foregoing. 

The information contained herein has been prepared solely for 

informational purposes to determine preliminary interest, and is 

not an offer to buy or sell or a solicitation of any offer to buy or sell 

any security. 

The information set forth herein was prepared by the Company 

and includes estimates and projections and involves significant 

elements of subjective judgment and analysis. No representations 

are made as to the accuracy of such estimates or projections or 

that all assumptions relating to such estimates or projections have 

been considered or stated or that such estimates or projections 

will be realized. 

This presentation contains forward-looking statements that involve 

risks and uncertainties. Forward-looking statements are subject to 

known and unknown risks, uncertainties and other factors that may 

cause actual results, levels of activity, performance, achievements 

and prospects to be materially different from those expressed or 

implied by such forward-looking statements. 

Prior to making any purchase, you should determine, without 

reliance upon the Company or any of its affiliates, the economic 

risks and merits, as well as the legal, tax and accounting 

characterizations and consequences of the transaction, and 

independently determine that you are able to assume these 

risks. In this regard, by acceptance of these materials, you 

acknowledge that you have been advised that (a) the Company is 

not in the business of providing legal, tax or accounting advice, 

(b) you understand that there may be legal, tax or accounting 

risks associated with the transaction, (c) you should receive 

legal, tax and accounting advice from advisors with appropriate 

expertise to assess relevant risks, and (d) you should apprise 

senior management in your organization as to the legal, tax 

and accounting advice (and, if related risks) associated with this 

transaction and the Company’s disclaimers as to these matters. 

IF YOU HAVE REQUESTED INFORMATION IN CONNECTION WITH YOUR CONSIDERATION OF THE TRANSACTION, SUCH MATERIALS 

WILL BE PROVIDED TO YOU FOR INFORMATIVE PURPOSES ONLY IN RESPONSE TO YOUR SPECIFIC REQUEST. ALL CURRENT AND 

ANTICIPATED POLICIES SUMMARIZED HEREIN ARE SUBJECT TO CHANGE IN THE SOLE DISCRETION OF KWB, LLC. 


Trade Names, Logos, Trademarks, and Images 

All brand and trade names, logos or trademarks and property 

images contained, or referred to, in these materials, as well as any 

document incorporated by reference in these materials, are the 

properties of their respective owners. These references shall not in 

any way be construed as participation by, or endorsement of, any 

of the franchisors. 

“Residence Inn by Marriott,” “Courtyard by Marriott,” are 

registered trademarks of Marriott International, Inc. or one of 

its affiliates. All references below to “Marriott” mean Marriott 

International, Inc. and all of its affiliates and subsidiaries, and their 

respective officers, directors, agents, employees, accountants and 

attorneys. 

“Hilton,” “Hilton Hotels,” “Hampton Inn & Suites,” and “Home2 

Suites,” are registered trademarks of Hilton Worldwide or one 

of its affiliates. All references below to “Hilton” mean Hilton 

Worldwide and all of its affiliates and subsidiaries, and their 


attorneys. 

“Hyatt Place” is a registered trademark of Hyatt Corporation or 

one of its affiliates. All references below to “Hyatt” mean Hyatt 

Corporation and all of its affiliates and subsidiaries, and their 


attorneys. 

“Holiday Inn Express”, “Holiday Inn Express Hotel and Suites”, 

“Staybridge Suites” and “Candlewood Suites” are registered 

trademarks of InterContinental Hotels Group or one of its 

affiliates. All references below to “InterContinental” mean 

InterContinental Hotels Group and all of its affiliates and 

subsidiaries, and their respective officers, directors, agents, 

employees, accountants and attorneys. 

None of Marriott, Hilton, Hyatt or InterContinental is responsible 

for the content of these materials, or the information incorporated 

by reference in these materials, whether relating to hotel 

information, operating information, financial information, its 

relationship with us or otherwise. None of Marriott, Hilton, Hyatt 

or InterContinental has reviewed, authorized or endorsed these 

materials. 

None of Marriott, Hilton, Hyatt or InterContinental is involved in 

any way, whether as an “issuer” or “underwriter” or otherwise, in 

any offering of our securities issued in the past, present or future. 

None of Marriott, Hilton, Hyatt or InterContinental has expressed 

any approval or disapproval regarding any of our past, present 

or future offerings of securities or these materials, and the grant 

by any of them of any franchise or other rights to us shall not be 

construed as any expression of approval or disapproval. None of 

Marriott, Hilton, Hyatt or InterContinental has assumed, and none 

shall have, any liability in connection with any past, present or 

future offering of securities contemplated by these materials. 


1113 South Minnesota Avenue 

Sioux Falls, South Dakota 57105 

605-275-9499 | kwbhotels.com 

365 Garden Grove Lane, Suite 100 

Pleasant Grove, UT 84062 

801-316-4301 | orchardsecurities.com

About KWB Hotel Partners

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