From today’s Oklahoman’s Land Sales list:
OKC-Bricktown Lodging Associates LLC from Sheridan Development LLC, 308 E Sheridan Ave., $732,500.
OKC-Bricktown Lodging Associates LLC from Power Alley Parking LLC, 308 E Sheridan Ave., $558,000.
Power Alley Parking is Marsh Pittman’s parking facility northeast of the Bricktown Ballpark, and Pittman and the Wisconsin-based Raymond Management Company are joining forces to develop a nine-story Hampton Inn on that block of Sheridan.
The project has been on the drawing board for three years already, and is scheduled to open, says Raymond, in the summer of 2008. The inn will feature 200 guest rooms, hot Continental breakfast, complimentary wireless-high speed Internet access, business center, indoor pool and whirlpool, exercise facility and meeting space. It will not, however, have its own restaurant, which, given the vast number of eateries already in Bricktown, is no big deal. And the inn’s location near the ballpark means that at least some of the rooms will have a nice view of right field. Hampton is a mid-priced Hilton brand, which means that this hotel won’t likely be cannibalizing guests from Hilton’s higher-zoot Skirvin, opening this spring. The picture was swiped from Raymond’s Web site; I’m assuming it represents what they expect the place to look like when it’s finished.
(If Richard Mize, the Oklahoman’s Real Estate Editor and an occasional visitor to these pages, is wondering if anyone ever reads those little columns of raw data, the answer is Yes.)