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Starwood’s Aloft Brand Debuts in Oklahoma City

21 Apr 2014, 4:42 am

By Gabriel Circiog, Associate Editor

Starwood Hotels & Resorts Worldwide Inc. has introduced Oklahoma City to its Aloft brand with the recent opening of the Aloft Oklahoma City Downtown – Bricktown. The hotel is the brand’s third in Oklahoma and joins two Alofts in Tulsa.

Situated in the revitalized Bricktown district, within a new mixed-use development, the new hotel features 134 loft-like guest rooms and is owned by New Century Investments. Brian McGuinness, senior vice president, Specialty Select Brands for Starwood, said in a statement: “We are proud to launch Aloft in Oklahoma City’s popular entertainment district, where we provide an atmosphere tailored to the next generation of travelers complete with authentic, modern design, innovative programming and live music performances at the W XYZ bar.”

Aloft Oklahoma City Downtown-Bricktown is located at 209 North Walnut Avenue within the Deep Deuce and Bricktown Entertainment Districts, two blocks from the heart of downtown and minutes away from Will Rogers World Airport.

On the top floor, the hotel offers close to 8,000 square feet of flexible meeting space with panoramic views of the city and a three-level W XYZ bar. Guests will be able to opt for one of the ten suites, all with Jacuzzi tubs, or for the two-story presidential suite with nearly 2,000 square feet of living space.

“We are thrilled to partner with Starwood Hotels to bring Aloft to Bricktown, the city’s leading destination for shopping, dining and entertainment,” Jim Thompson, owner of New Century Investments, said in a statement.”Aloft Oklahoma City Downtown-Bricktown will resonate with youthful travelers as well as area professionals with its distinctive urban style and social atmosphere.”


Image Courtesy of: www.starwoodhotels.com



Kimray’s HQ Proposal Wins Nod from OK City Planning Commission

17 Apr 2014, 5:15 pm

By Gabriel Circiog, Associate Editor

The Oklahoma City Planning Commission recently approved Kimray Inc.’s plan to construct a new corporate headquarters on a 136-acre site at  the northwest corner of Eastern Avenue and Britton Road, according to The Oklahoman.

The oil field equipment manufacturer will relocate about five miles north of its current location. Kimray’s new campus will enable the company to consolidate its facilities, which currently spread across 20 acres and multiple buildings.

Kimray Chairman & CEO Tom Hill explained in a statement: “Kimray’s products and services for the energy industry are known for their quality and dependability, which has allowed the company to grow significantly over the past 65 years. Very few companies have the opportunity to design their ideal space for the future and also impact a new area of the community in a positive way. We are excited for this change and what it will mean for our employees, customers and community.”

The move will accommodate decades of growth and improve the efficiency of Kimray’s operations.Initially the company plans to develop 30 to 35 acres of the property.

Hill added: “As we’ve done in our current location, we hope to create long-term, collaborative relationships with our neighbors. We are just beginning the planning process for the new campus, but we envision beautiful grounds that incorporate landscaping and other design elements to ensure our campus fits in with its surroundings.”

Image Courtesy of: www.kimray.com



K-MAC Holdings Corp. Acquires 21 Taco Bell Restaurants in Oklahoma City Market

14 Apr 2014, 1:29 pm

By Gabriel Circiog, Associate Editor

Fort Smith, Ark.-based K-MAC Holdings Corp. recently closed on the acquisition of 21 Taco Bell restaurants in the Oklahoma City market. The restaurants were acquired from Ricksim Inc., which was advised by MarshallMorgan LLC.

K-MAC President & EO, Sam Fiori said in a statement, “We share similar values as Rick Sikora’s organization, including providing a high level of service to customers through a great team.”

Tina Reagan, the company’s COO, added, “This acquisition brings K-MAC’s restaurant count to 56 across the state of Oklahoma, and it will allow us to pursue additional new unit development opportunities in the market.”

One of the largest Taco Bell franchisees in the country, K-MAC is owned by Los Angeles-based Brentwood Associates, a consumer-focused private investment firm, which made its initial investment in K-MAC in March 2011. K-MAC also operates KFC and Golden Corral restaurants.Rahul Aggarwal, managing director at Brentwood Associates, said: “We are privileged to be able to continue to support the growth of a great company in K-MAC and a fantastic brand in Taco Bell.”



Ambassador Hotel Collection Debuts Oklahoma City Location at Historic Medical Building

8 Apr 2014, 6:55 pm

By Gabriel Circiog, Associate Editor

Tulsa-based hospitality company Ambassador Hotel Collection recently debuted a 54-key boutique property in Oklahoma City’s Midtown district. The March 19 opening followed a $14 million transformation of the historic Osler Medical Building, which was completed in 1929.

Located at 1200 North Walker Ave., the Ambassador Hotel Collection Oklahoma City offers six different room configurations on seven floors. Amenities include a pool, a workout facility, two conference rooms, a business center and complimentary shuttle service to destinations within a three-mile radius. The property also features a full-service restaurant on the first floor and a bar on the seventh floor, with a terrace overlooking Oklahoma City.

Jeff Erwin, the property’s general manager, said in a statement: “The March opening of this new hotel showcases the innovative thinking and strength of the Ambassador Hotel Collection concept. With our sister property in Tulsa, we would love to see a collaboration of Oklahoma’s two largest cities as they both thrive.”

The Ambassador Hotel Collection specializes in restoring historic buildings to create upscale, boutique hotels. The company’s origins date to 2000, when its predecessor, The Coury Collection, was established.

Image Courtesy of: www.ambassadorhotelcollection.com



Glimcher Acquires 3 Retail Centers from Chesapeake Energy in $52M Deal

4 Apr 2014, 5:29 pm

By Gabriel Circiog, Associate Editor

Glimcher Realty Trust recently completed the acquisition of three open-air, mixed-use properties in metropolitan Oklahoma City. The Columbus, Ohio-based REIT paid $51.8 million for the properties. Chesapeake Energy Corp. was the seller.

Totaling about 290,000 square feet, the properties are Classen Curve, Nichols Hills Plaza and The Triangle @ Classen Curve. Also included is 12 acres in the upscale neighborhoods of northern Oklahoma City and Nichols Hills. The retail centers are bringing in a combined total of about $500 per square foot and feature the market’s only Anthropologie, lululemon athletica, and Whole Foods.

“Based on early interest, we believe there is an opportunity to create a fully integrated, mixed-use shopping and entertainment district serving the local community as well as the broader Oklahoma City market,” explained Chairman & CEO Michael Glimcher in a statement. “To assist in maintaining the local flavor of the center and ensuring a smooth transition within the market, we are also pleased to announce Tom Blanton, President of Blanton Property Co., will continue to partner with us on leasing and development.”

Chesapeake Energy CEO Doug Lawler commented, “We are pleased to have one of the country’s foremost retail real estate developers next to our campus. Through this sale, Chesapeake continues its strategy of divesting non-core assets to focus on our business of energy exploration and production.”

Photo Courtesy of: Classen Curve via Facebook.com