KDC ANNOUNCES ADDITION OF WOOLLEY’S CLASSIC SUITES TO AVION BUSINESS PARK

06/01/15

250-room, full-service suites hotel located near Dallas-Fort Worth International Airport

IRVING, Texas – (June 1, 2015) – KDC, one of America’s leading commercial real estate development and investment firms, today announced that Woolley’s Classic Suites will be the latest commitment to join Avion Business Park, a 50-acre tract of land located along State Highway 114 and Royal Lane between Esters Blvd. and Freeport Parkway in Irving, Texas.

“KDC has been laying the groundwork to develop this high-profile park for a couple of years,” said Bill Guthrey, senior vice president at KDC. “The much anticipated completion of the frontage road on State Highway 114, along with the addition of Woolley’s Classic Suites, will unlock the true value of Avion Business Park.”

The 250-room, full-service hotel offers suites larger than the industry average with features like spacious desks, 46” wall-mount flat panel TVs, and luxurious baths. Amenities on site include a restaurant and lounge, in-suite dining, 24-hour gift shop and business center, flexible meeting spaces, guest laundry, fitness center, and complimentary airport shuttle.

Avion Business Park is only the second location in the country for the Woolley’s Classic Suites hotel brand. The first Woolley’s opened in Denver on May 22, 2014, near the Denver International Airport, and quickly secured a #1 ranking on TripAvisor.

“Woolley’s Classic Suites is delighted with our new location in Irving at Avion Business Park. We are excited to bring our new all-suite concept to serve businesses and travelers of the City of Irving and Dallas-Fort Worth International Airport. Our newest property will build on the success of our first location in Denver and continue to redefine the upscale hotel category for the many business and leisure travelers in the DFW area,” said Robert E. Woolley, CEO of Woolley’s Classic Suites.

Also at Avion, the American College of Emergency Physicians recently broke ground on a new three-story, 57,000-square-foot headquarters. The remaining 35 acres in the development are suited for high-profile corporate office campuses.

“We are thrilled to have as our first two commitments a national headquarters and Irving’s first full-service hotel in several years,” said Ellen Witt Ortiz, President of Avion Management Company.

Construction on Woolley’s Classic Suites will begin in fall of 2015 with completion scheduled for winter 2016. The American College of Emergency Physicians headquarters is scheduled to be complete in summer 2016.

About KDC

KDC, one of America’s leading commercial real estate development and investment companies, provides a full range of commercial real estate services including corporate build-to-suit development, acquisitions, corporate facility project/construction management, project financing, asset and land management, and marketing and leasing. KDC is headquartered in Dallas and has offices in Atlanta; Austin, Texas; Charlotte, N.C., and Houston. For more information, please visit kdc.com.

About Avion Business Park

Avion Business Park is a new master-planned development on State Highway 114 between Esters Road and Freeport Parkway in Irving, Texas. The project, which will include a new frontage road and widened Royal Lane, includes a total of 50 acres, with 35 acres still available for development.

About Woolley’s Classic Suites

Woolley’s Classic Suites is a new collection of all-suite, upscale hotels delivering the attentive guest services and value sought by today’s travelers. The concept is from the family of renowned hotelier Robert E. Woolley, who introduced the concept of all-suite hotels. The newest hotel concept enhances the pioneering hallmarks the company introduced to the hospitality industry decades ago – a lush resort ambiance in a tropical atrium, along with complimentary breakfast and happy hour reception. From 1965 through the present, Woolley-affiliated companies and partnerships have developed and operated more than 11,000 hotel rooms in nearly 50 hotels and resorts throughout the United States and Mexico. With a reputation built on a legacy of success, the smallest details of every hotel’s design, furnishing, service and location are crafted with guest hospitality in mind.

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