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August 10, 2004
FOR IMMEDIATE RELEASE

PLAZZIO DEVELOPMENT TO EXPAND WITH ANNOUNCEMENT OF HOSPITALITY COMPONENT

Local Hotel Management & Consulting Company
to Build New Marriott Residence Inn Prototype

(Wichita, KS) – Plazzio, a 347,000-sq.-ft. retail/entertainment complex created by Laham Development and Ritchie Development at 13th & Greenwich Road, has announced its next project – the construction of a 91-suite Marriott Residence Inn to be developed by Wichita-based A.G. Development, L.L.C. The announcement was made today by George Laham, president of Laham Development and Jim Korroch, president and CEO of A.G. Holdings. Construction on the project will begin this fall with completion slated for early summer 2005.

Catering to the business traveler, Marriott Residence Inn at Plazzio will consist of 65,000 square feet situated on 2.5 acres. It will be located west of The Alley Indoor Entertainment Center now under construction. Marriott Residence Inn amenities include 1,500 square feet of meeting space, an outdoor pool, sport
court, putting green, valet and self-service laundry, facsimile and photocopy services, complimentary hot breakfast, weeknight social hours and weekly barbeques. Each spacious suite includes a fully-equipped kitchen and living area, free wireless high speed Internet access and comfortable work desk.

The new hotel at Plazzio is being billed as the first “Generation Seven” Marriott Residence Inn in the country, a concept created by the chain’s owner, Marriott International. According to Korroch, it is the seventh Marriott Residence Inn prototype developed since the inception of the brand founded in Wichita. “This property is an enhancement of previous Marriott Residence Inns and we are very pleased to be the first to build it,” Korroch stated. “The new plan offers an excellent use of space while including all the amenities a business traveler wants. Given that Marriott Residence Inns’ roots are in Wichita, we think it is very appropriate that the first Generation Seven prototype will be unveiled here,” said Korroch.

Among the changes included in the Generation Seven prototype are more spacious one-bedroom suites – some with fireplaces, and a pantry with snacks, frozen food and beverages in the lobby. While previous Marriott Residence Inns have been built around a free-standing lobby known as a gate house, the new Generation Seven prototype integrates guest rooms above the gate house. A two-sided fireplace has also been added to the gate house.

According to Laham, the addition of the Marriott Residence Inn adds yet another key component to the center. “When completed, Plazzio will offer retail, entertainment, dining and hospitality all within steps of each other,” Laham stated. “This synergy will result in a vibrant urban entertainment center that is unique in Wichita and a great addition to our city.”

Kevin Mullen, president of Ritchie Development and co-developer of Plazzio, noted that the 13th & Greenwich location adds to the center’s appeal. “The proximity to K-96, east Kellogg and the Turnpike provides easy access to Plazzio for regional traffic,” Mullen said. “These types of centers are being developed in major markets throughout the country with their success based on excellent highway access and visibility.”

According to Korroch, location is precisely why his company chose Plazzio for its new Marriott Residence Inn. “The access is terrific and the entertainment component of this area is really dynamic,” Korroch said. “Our guests want surroundings that let them feel a part of the city. The layout of Plazzio allows them to walk to a restaurant, take in a movie and experience an urban setting that is fun and very appealing. Additionally, it is very close to our customers. In my opinion, there isn’t a better location in Wichita,” he stated.

The new Marriott Residence Inn will employ up to forty staff and be managed by Beth Link who currently serves as general manager of TownePlace Suites by Marriott in Wichita, also managed by A.G. Hospitality Management Services. According to Korroch, “Beth has more than ten years of experience in the hospitality industry and the Marriott Residence Inn brand. Her skills in the areas of guest satisfaction, associate training and profitability will be an excellent match for our new Plazzio property.”

Based in Wichita, A.G. Holdings, L.L.C. was founded by Jim Korroch in 1999 as a hotel management and consulting firm. In 2002, Korroch expanded the business to include hotel development services with partners Craig and Christy Smith of Wichita and Steve Sauder of Emporia. In addition to the new Marriott Residence Inn at Plazzio, A.G. Hospitality Management Services’ properties include TownePlace Suites by Marriott in Wichita, Joplin, Missouri and Bentonville, Arkansas and Candlewood Suites in Emporia, Kansas, Topeka, Kansas and Rogers, Arkansas. Several other hotels are also under development. Currently located in Lakepoint Office Park at Central & Webb Road, A.G. Hospitality Management Services will relocate their corporate offices to the new Marriott Residence Inn at Plazzio when construction is complete.

The 347,000-sq.-ft. Art Deco-inspired Plazzio center was launched by Laham and Ritchie Development in late 2000. In May 2002, the center opened the 88,000-sq.-ft. Warren Theater featuring 12 screens and a luxurious granite, marble and terrazzo lobby. In July 2003, the developers unveiled plans for The Alley Indoor Entertainment Center situated west of the Warren Theater. Owned by Cathy and Frank DeSocio, The Alley will provide 32 bowling lanes, an indoor go kart track, sports bar, a billiards room specifically for teenagers and corporate meeting rooms. It is expected to open in late 2004. In April 2004, B.G. Bolton’s, owned by Wichita entrepreneur Bud Gates, announced its new prototype restaurant would be built at Plazzio. The 7,000-sq.-ft. location will feature family dining, a sports bar, outdoor patio and original recipes by popular local chef, Tanya Tandoc. B.G. Bolton’s is slated to open in 2005.

Along with the Warren Theatre, The Alley, B.G. Bolton’s and the Marriott Residence Inn, the 60-acre Plazzio will include up to 15 stores, restaurants and entertainment concepts. Other Laham Development projects include the 500,000-sq.-ft. Regency Lakes at 21st & Greenwich, anchored by Super Target which is opening fall 2004, and the 255,000-sq.-ft. Bradley Fair at 21st & Rock Road with 50 stores and restaurants.

Project architect for the Marriott Residence Inn at Plazzio is Law Kingdon. Pinnacle Construction is the contractor. J.P. Weigand & Sons is exclusive broker for Plazzio.

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