Hotel in Lawton, Oklahoma
Teams with HBI Member-Broker Alan Brock and Associates
to Sell Full Service Hotel
|Elkins Park, PA, February 13, 2006 – Optimum Hotel Brokerage announced
today that the firm has closed on the sale of the 148-room Best Western
Hotel in Lawton, Oklahoma. Joe McCann, president of Optimum Hotel
Brokerage, joined efforts with Alan Brock and Associates of Grapevine,
Texas to represent the seller in the transaction. Both brokers are
member brokers of HBI: Hotel Brokers International. The full service
hotel was purchased by a multi-unit owner from the state of Alaska.
The hotel features a restaurant and lounge, two swimming pools and more
than 7,000 square feet of meeting space.
“The Best Western Lawton is a quality full service hotel, the most prominent in this city” explained McCann. “The hotel enjoys consistently improving business from many of the corporate and military demand generators in the market, and the hotel’s diverse and luxurious ballrooms are host to many upscale social events. The seller had invested millions in its refurbishment and repositioning, and I was pleased to work with Darin Brock of Alan Brock and Associates to craft a win-win deal for both buyer and seller.” Not only did the Pennsylvania and Texas-based HBI brokers create national competition for the asset and secure the Alaska-based buyer for the hotel, but the HBI brokers also worked with a national lender to get financing for the transaction.
“The execution of a deal of this complexity is testimony of the marketing power and cooperative abilities of the member brokers of Hotel Brokers International”, added McCann. “By harnessing the marketing power of HBI brokers, the seller was able to expand his marketing reach, synergize the effort of additional HBI offices, and stimulate buyer competition for the asset”, explained McCann. “Sellers should always consider hiring the member brokers of Hotel Brokers International when selling their hotels.”
Elkins Park, Pennsylvania-based Optimum Hotel Brokerage is a full service hotel brokerage firm. The firm’s sales within the past fourteen months include the 1,639-room Palmer House Hilton in Chicago, the 197-room Southbury Hilton in Southbury, Connecticut, the 161-unit Holiday Inn Express Waterbury in Waterbury, Connecticut, the 100-room Days Inn in Niantic, Connecticut, the 153-unit Days Hotel in Rochester, New York, the 304-room Crowne Plaza Meadowlands in Secaucus, New Jersey and the 350-room Crowne Plaza Hartford in Hartford, Connecticut. Optimum Hotel Brokerage expanded its operations and opened their Philadelphia headquarters office in November 2005.
Optimum Hotel Brokerage is also a member of Hotel Brokers International,
the world’s largest and oldest hospitality real estate organization, which
has a rich heritage of experience and expertise in hotel real estate valuation,
transactions and other essential services. Comprised of some 75 hotel
real estate broker specialists, HBI provides the hospitality industry with
the most powerful hotel real estate marketing force, creating greater visibility
through a unified and inclusive advertising and marketing approach.
Mr. McCann has earned the designation of Certified Hotel Broker, with distinction,
from the organization, and was recognized as HBI’s Broker of the Year for
the Northeast Region in 2003 and 2004. HBI has also awarded McCann
with the Portfolio Sale of the Year award in 2004 and Unique Deal of the
Year award in 2004 and 2005. Most recently, Optimum Hotel Brokerage
and Joe McCann were awarded HBI’s prestigious Broker of the Year Award
Optimum Hotel Brokerage has recently endowed a Trustee Scholarship at the Pennsylvania State University. The scholarship will provide financial assistance to students demonstrating financial need at Penn State’s School of Hospitality Management.
For complete exclusive listings of hotels for sale, please go to www.optimumbrokerage.com. For a complimentary valuation of your hotel, call 215-572-7711.
Joe McCann, President
For more information, listings, or a complimentary
|Also See:||Optimum Hotel Brokerage Named Hotel Broker of the Year at 2006 Hotel Brokers International Convention / Februray 2006|
|Optimum Hotel Brokerage Brokers Sale of Southbury Hilton in Southbury, Connecticut / January 2006|
|Optimum Hotel Brokerage Opens New Headquarters Office in Philadelphia / November 2005|
|Joe McCann of Optimum Hotel Brokerage Brokers Sale of Chicago’s Legendary Palmer House Hilton, Represents Thor Properties in $230 Million Transaction / August 2005|
|Optimum Hotel Brokerage Sells Holiday Inn Express in Waterbury, Connecticut / May 2005|
|Optimum Hotel Brokerage Sells Days Inn in Niantic, Connecticut / March 2005|
|Optimum Hotel Brokerage Sells Crowne Plaza® Secaucus Meadowlands Hotel / January 2005|
|Optimum Hotel Brokerage Sells 350 Room Crowne Plaza® Hotel in Hartford, Connecticut / November 2004|
|Optimum Hotel Brokerage Sells Hampton Inn in Sturbridge Massachusetts / July 2004|
|Optimum Hotel Brokerage Joins Hotel Brokers International / May 2003|
|Industry Veteran Launches Hotel Brokerage Firm: Optimum Brokerage / December 2001|