KPA Innkeepers Usa Tr

Officials of Innkeepers USA Trust (NYSE: KPA), a hotel real estate investment trust (REIT) and a leading owner of upscale extended-stay hotel properties throughout the United States, today announced the opening of the first Hampton Inn in downtown Louisville. Innkeepers Hospitality Management operates the hotel. Prior to opening as a Hampton Inn, the hotel underwent a $4.5 million renovation, converting from the former Clarion Hotel. "Downtown Louisville is experiencing a major renaissance, and the introduction of a strong brand like Hampton Inn to the area will attract a diverse mix of business, leisure and convention travelers," said Brent Zuchowski, general manager. "This is a well-located property with all of the latest Hampton amenities. We've also added some unique features, including a 10-foot high "water wall," that add a more upscale feel to the property and will further enhance the hotel's competitive edge in the upscale, focused service segment in this market." The eight-story hotel features a large, richly mill-worked lobby and breakfast area. The hotel, with five meeting rooms and nearly 5,000 square feet of flexible meeting space, will target small meetings and groups of up to 200 people. The property also will cater to local social events. Twelve suites and two presidential suites offer separate living and sleeping areas, flat screen televisions, hot tubs, and in-room kitchen amenities, such as wet bar, refrigerator and microwave oven. Located at 101 East Jefferson Street, the hotel is a block from all major downtown interstate highways and minutes away from the Standiford Field Airport. Two blocks from the Kentucky International Convention Center, the hotel is located adjacent to the medical district and Fourth Street Live!, the city's exciting new entertainment and retail complex, and within easy walking distance of the city's other major attractions, such as Waterfront Park, the Kentucky Center and the Slugger Field and Museum. The Hampton Inn Downtown Louisville features a fitness center, 24-hour business center with printer and fax capabilities and the largest indoor pool in downtown Louisville. The hotel provides free airport shuttle service, and is one of the only hotels in the downtown area to offer its guests free parking. Other amenities include complimentary high-speed Internet access, "On The House" complimentary hot breakfast, in-room coffee maker, iron and ironing board. The hotel also offers the 100% Hampton Satisfaction Guarantee, which promises each guest full satisfaction or their night's stay is free. For additional information concerning the hotel, please contact Debbie Jankoski, director of sales, at 502-585-2200, or through the Hampton Inn website at www.hamptoninn.com. Innkeepers USA Trust is a hotel real estate investment trust (REIT) and a leading owner of upscale extended-stay hotel properties throughout the United States. The company owns 69 hotels with a total of 8,745 suites or rooms in 20 states and Washington, D.C., and focuses on acquiring and/or developing upscale and upscale extended-stay hotels with premium brands and the rebranding and repositioning of other hotel properties. For more information about Innkeepers USA Trust, visit the company's web site at www.innkeepersusa.com. This press release, and other publicly available information on the Company, includes forward looking statements within the meaning of securities law. These statements include terms such as "should", "may", "believe" and "estimate", or assumptions, estimates or forecasts about future hotel and Company performance and results, and the Company's future need for capital. Such statements should not be relied on because they involve risks that could cause actual results to differ materially from the Company's expectations when such statements are made. Some of these risks are set forth in reports filed from time to time with the SEC and include, without limitation, (i) the operational risks of the hotel business (including decreasing hotel revenues and increasing hotel expenses) under the company's taxable REIT subsidiary structure, (ii) risks that war, terrorism or similar activities, widespread health alerts, disruption in oil imports or higher oil prices or changes in domestic or international political environments negatively affect the travel industry and the company, (iii) risk of declines in the performance and prospects of businesses and industries (e.g., technology, automotive, aerospace, pharmaceuticals) that are important hotel demand generators in the company's key markets (e.g. the Silicon Valley, CA, Washington, DC, etc.), (iv) risk that poor, declining and/or uncertain international, national, regional and/or local economic conditions will, among other things, negatively affect demand for the company's hotel rooms and the availability and terms of financing, (v) risk that the company's ability to maintain its properties in competitive condition becomes prohibitively expensive, (vi) risk that pricing in the hotel acquisition market becomes prohibitively expensive or non-financeable and that potential acquisitions or developments do not perform in accordance with expectations, (vii) risk that the Company may invest in hotels of a size or nature (e.g., upscale full service or resort) different than those it has focused on historically (e.g., upscale extended-stay, and mid-scale limited service); (viii) risks related to an increasing focus on development, including permitting risks, increasing the proportion of Company assets not producing revenue at a given time and risks that projects cost more, take longer to complete or do not perform as anticipated; (ix) changes in travel patterns or the prevailing means of commerce (i.e., e-commerce) may reduce demand for hotels in general or the Company's hotels in particular, (x) the complex tax rules that the company must satisfy to qualify as a REIT and the potentially severe consequences of failing to satisfy such requirements, and (xi) governmental regulation that may increase the company's cost of doing business or otherwise negatively effect its business or its attractiveness as an investment and create risk of liability for non-compliance (e.g., changes in laws affecting taxes or dividends, compliance with the Americans with Disabilities Act, workers compensation law changes, the Sarbanes-Oxley law, etc.).