Inside Torgerson Properties
Summer - 1999

A Message From Tom

Over the last 7 months, TPI's Vice Presidents of Operations have taken command of all responsibilities related to running our businesses.  I still meet with TIP's VP's on a monthly basis and at that time we review all matters that relate to satisfying our guests, growing our associates, and strengthening the financial health of TPI.  I am happy to report that our VP's, Brett Erdmann, Mitch Peterson, and Kirk Schultz, along with all of the support form our associates, are doing a great job at advancing TPI.  I clearly see TIP evolving to be a quality hospitality company recognized and held in high esteem within our industry.  For this, I am very proud of all your work.  What is truly unfolding is a better and more competitive TPI than I had ever envisioned.  This will result in more opportunities for all the great associates that are the backbone of TPI.
     All this change allows me to focus my energies toward the development and growth of TPI.  Below is a summary of most of the projects we are working on or have just completed:

·   The Super 8 Motel -Arden Hills, MN opened last December and is building nice momentum the first half of 1999.
·   The Hilton Garden Inn - Shoreview, MN has just opened June 8th.
·   The acquisition of the Holiday Inn - New Ulm. MN was completed early May and efforts to work together with the excellent team of associates TPI inherited there are progressing at this time.
·   The construction of the Staybridge Suites - Eagan. MN began in mid-April. This will be TPI’s first extended stay hotel with a planned opening to occur around December 1st.
·   The Perkins - Red Wing, MN completed a full interior renovation in April. Sales following the renovation have been exceptional.
·   The Fairfield Suites - Rochester, MN became the SpringHill Suites by Marriott on April 18th. With that significant interior and exterior improvements were made.
·   The Days Inn - Austin, MN has completed an interior renovation and is in the midst of an exterior renovation.
·   The Holiday Inn and Torge’s Austin, MN are in the conceptual stages of a full exterior renovation scheduled for this summer. And yes, the blue is going!
·   The Staybridge Suites Hotel-Maple Grove, MN is scheduled to begin construction in September with a spring 2000 opening planned. This will be a 123 suite upscale extended stay hotel.
·   A Purchase Agreement for a 4.25 acre site in

continued on page 8

TPI Partners

·  Grant Christianson and his brother John - Holiday Inn Express Golden Valley and future Hilton Garden Inn Golden Valley
·  Phil Forstrom, and his brothers Paul, Perry, and John Hampton Inn Maple Grove, Hampton Inn Shoreview, Green Mill Shoreview, Hilton Garden Inn Shoreview, Super 8 Arden Hills, and future Staybridge Suites Maple Grove
·  Jeff Greischar and his brother Dave - Comfort Inn Fairmont & Perkins Red Wing.
·  Emmett Erpelding and Jerry Dannheim Holiday Inn Express Hinckley, Holiday Inn Express Eagan, Green Mill Eagan, Hilton Garden Inn Eagan, Holiday Inn New Ulm, and Staybridge Suites Eagan
·  Marc Carpenter - SpringHill Suites Rochester
·  Dick Tittle - Perkins Red Wing

Partner Biographies

GRANT J. CHRISTIANSON

Grant has been a part of his family farm operation near Willmar since he was ten years old. They have a cash crop farm corporation raising corn and soybeans.
     Grant attended Willmar High School where Tom T. and he were good friends. He is thrilled with the friendship, which now includes a com­mon business interest. The partnership which includes me Holiday Inn Express Golden Valley. looks to finesse new growth and opportunities in the lodging business.
     Grant graduated from the U of M with an Agricultural Business degree. He has always enjoyed the markets and trading commodities. This interest led to the purchase of a Cargill Grain facility, Allied Grain Co., in 1 986. This is where Grant now merchandises corn and beans.
     Grant’s wife, Joan, is a chiropractor in Willmar. They have three children: Ali (9), Grant (6), Kai (3). In his spare time he enjoys traveling, skiing, and spending time at the lake with family and friends.

JEFF GREISCHAR

Jeff and his brother, Dave, started TECH Builders, a construction company in 1 976. The two started out building homes and developing residential real estate in Fairmont, MN. Jeff and Dave met Tom Torgerson in the early 1980’s. Tom had moved to Fairmont to manage the Holiday Inn. It wasn’t long after Tom moved to Fairmont that new development projects were on the drawing board. The first project the brothers built for Torgerson Properties was the Perkins Fairmont in 1984.  From there they went on to build projects in Willmar, Austin, Redwing, Rochester and in recent years several Twin City locations.  Jeff feels that working with Tom has been great.  

continued on page 3

BACK                          NEXT

PAGE 1 · PAGE 2 · PAGE 3 · PAGE 4 · PAGE 5 · PAGE 6 · 
PAGE 7 · PAGE 8 · PAGE 9
· PAGE 10 · PAGE 11 · PAGE 12

sq_maroon.gif (67 bytes)

Water's Edge Professional Building 
103 15th Avenue NW, Suite · 200 P.O. Box 1020 
Willmar, MN 56201 
Telephone:  (320) 235-7207 
Fax:  (320) 235-5563
©2005 Torgerson Properties, Inc.

Mitch Peterson We'd Love Your Opinion!
Please tell us how we are doing by sending an email directly to me personally. Thank you. Email Mitch
Mitch Peterson, President, Torgerson Properties, Inc.

LODGING | RESTAURANTS | LOCATION | VIP CLUBS | HOTEL DEALS | DINING DEALS | WHY TORGERSON
COMPANY CEO | HISTORY | STAFF | EMPLOYMENT | NEWSLETTER | SITE MAP | CONTACT US

HOME