Business

Martens Cos. adds Hospitality Management division

WICHITA — The Martens Cos. has a added a new division.

The company already has Grubb & Ellis/Martens Commercial Group, Martens Appraisal and Huffman Corridor Consulting. It also added Receivership Services Corp. earlier this year.

Now, the company has formed Hospitality Management.

"It was an opportunity that we wanted to take advantage of," says CEO Steve Martens.

Due to the company's role as a bankruptcy court trustee and through state court receiverships, Martens says his company has managed a half dozen properties over the years.

With the new division, the company is now actively pursuing those opportunities.

Its first deal is managing 122 rooms in Blackwell, Okla., at the Comfort Inn and the Best Western.

Martens also now has a small ownership in those properties.

"We are having discussions with other motel (and) hotel owners and pursuing other business," he says.

It sounds like Martens is open to other new divisions as well, though he isn't talking specifics.

"We're just looking for opportunities and new business and . . . ways to grow and expand."

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