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Vol. 123 Issue 49
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Goddard STAR bond | Construction to start in spring
New developer takes over
Highlights to include Old Chicago, indoor waterpark
day Inn. The facility will feature deluxe suites, and rooms with family bunk beds. The hotel component
of the previous proposal included 141 rooms. The aquatic center component of the project
has also been scaled down, from almost 100,000 square
See GODDARD, Page 10A
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KAPS sold to growing chain
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By Travis Mounts
The Times-Sentinel news@tsnews.com
CHENEY – A rapidly-expanding convenience store chain based in Iowa has purchased the KAPS chain, including the KAPS location in Cheney. Yesway announced the purchase of KAPS, LLC, on Nov. 30. The KAPS chain was locally-owned by Kevin O’Brien. The five-store chain also included two McPherson locations plus stores in Lyons and Lindsborg. In addition, the Yesway announced the purchase of the New Deal Travel Center in New Deal, Texas. Yesway is based in West Des Moines, Iowa, and operates under the umbrella of BW Gas and Convenience, which is affiliated with private equity firm Brookwood Financial Partners of Beverly, Mass. The new chain has been on a buying spree throughout the Midwest since it was founded in 2015. In March, Yesway bought five of six family-owned Pic Quik locations in Hutchinson. The addition of the KAPS stores gives Yesway 10 Kansas locations. The company has 32 locations in Iowa and 32 in Texas, plus two in Guymon, Okla., according to its website. The company purchased 35 stores in Texas in May, and a Rockford, Iowa store in September. “We’ve got a pretty interesting trajectory...over the last 12-18 months,” said Tom Brown, president and director of real estate acquisitions for Yesway. He leads a team of six, and is looking to add two more people to help locate more stores to acquire. “We’re getting more credibility in the market place.” Brown said Yesway identified KAPS as a possible acquisition target, and initiated talks with O’Brien. Brown could not speak to a specific schedule for changes at the Cheney store, but said once a store is bought, there typically is a 60-90 day window where the company comes in and converts store operations to the Yesway platform. That includes training, store operations and sales efforts. “During that period of time, we’re also finalizing our renovation plans for each of those stores,” Brown said. The company adds value through interior and exterior additions. That includes signage, parking, lighting and fuel pump changes outside, and interior changes like new countertop, restroom upgrades and more. He said the company usually has a plan and a dollar amount for the renovation before a purchase is completed. Food service and the Yesway loyalty program are points of emphasis. “That’s where folks will see the biggest impact,” Brown said. The company began with the purchase of 10 Iowa Country Stores, and then grew more by taking over 21 Kum & Go stores in Iowa in 2016. The company is focusing on small and medium markets in the Midwest. According to the trade store publication Convenience Store Decisions, Yesway set up its regional headquarters in West Des Moines just before the Kum & Go purchase. According to the article, Brookwood Financial Partners began looking at the convenience story industry six
See YESWAY, Page 9A This week’s Newspapers In Our Schools sponsored by Citizens State Bank. See Page 2A for details.
GODDARD – Plans are moving forward again for a hotel-restaurant-waterpark development in Goddard. Nearly two years after a highly-publicized groundbreaking, a new developer is now in place with revised plans that include a 100room hotel, an indoor waterpark and an Old Chicago Pizza and Taproom restaurant on Goddard’s east side. City council members unanimously approved an amended development agreement that assigns master development rights from Goddard Destination Development to S&O Investments, Inc., for five years. The vote came at Monday’s Goddard City Council meeting. The new plan carries many similarities to the original proposal, but has some new wrinkles. At the center of the development will be a 100-room IHG Holi-
Paul Rhodes/The Times-Sentinel
Old Chicago has three locations in Wichita, including this one in Old Town. The chain is expanding in Kansas, and one of the new locations will be part of the STAR bond project in Goddard.
Highlights
Timeline
On Monday, the City of Goddard reached a new, revised development agreement with S&O Investments. Highlights of the new project include:
Construction on Phase I begins by April 1, with completion by Jan. 1, 2020. Phase I includes the above-listed amenities. Phase II, including multiple commercial/retail locations, would begin at the developer’s discretion.
• A 100-room luxury IHG Holiday Inn featuring deluxe suites and rooms with bunk beds.
About Old Chicago
• A 43,000 square foot aquatic center with an 8-lane, 25-meter indoor pool with diving. • Spectator seating for 600 with dressing/locker rooms. • An indoor waterpark similar to Parrot Cove in Garden City. • 4 competition softball/baseball fields. • Old Chicago Pizza and Taproom.
• Founded in 1976. Owned by CraftWorks Restaurants & Breweries, Inc., a multi-brand company whose holdings also include Gordon Biersch Brewery Restaurants and Rock Bottom Restaurants Breweries. The company owns and operates nearly 200 locations in North America. • Old Chicago operates 60 restaurants with roughly three dozen more franchisee-owned locations. The company is in 24 states. • Three locations in Wichita, and five others already open in Kansas, including Overland Park, Olathe, Topeka, Manhattan and Garden City. More are in the works.
First Christmas
Travis Mounts/The Times-Sentinel
Claire Fisher sleeps in the arms of Santa Claus at Garden Plain High School. The annual Santa Day was held last Saturday, and children had a chance to visit the jolly old elf inside of The Nest at GPHS. Cheney, Clearwater and Goddard all held community Christmas events on Saturday, as well. See photos from all four communities on Pages 4A-5A. Crossword & Sudoku................ Page 2A Classifieds..................................... Page 9B Opinions....................................... Page 8B Sports............................................ Page 1B Yesteryears................................... Page 2A
Cheney
DeVores named Kiwanis Farm Family of the Year Page 5B
Garden Plain
Students participate in Renwick’s new FFA program Page 7B