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Bruce Holmes & Associates (BHA) Brokers Five
Hotels
Oklahoma City - October 31, 1997 - Bruce
Holmes & Associates announced today the recent sale of five hotels
in separate transactions. The properties sold include:
-
The 51 unit all suite Richmond Hotel in Oklahoma City has sold. The Four
star boutique hotel was sold to Northwest
Hospitality, Inc. an affiliate of Premier Hospitality management of Durant,
Oklahoma by Richmond Suites,
Inc. of Waterford, Connecticut for $2,040,000. The transaction was
brokered by Peter Holmes of BHA's Oklahoma City office. The property will
undergo a 10,000 per room renovation.
--
-
The 45 room Econo Lodge located in Elk City, Oklahoma was sold by
Hira, Inc. to Hitesh Patel, both of Elk City for $400,000. The property
was brokered by Peter Holmes of BRA's Oklahoma City office
Additional October sales closed by BHA included the 20 room Fredonia Inn,
Fredonia, Kansas. The 27 room Neodsha Inn, Neodsha, Kansas, and the 40
Room Roadside Inn located in Tulsa, Oklahoma. All three of these
motels were brokered by Mike Craddock of BHA's TuIsa office.
With these 5 transactions Bruce Holmes & Associates closed the first
ten months of 1997 with 17 hotel transactions. Bruce Holmes &
Associates is one of the largest brokerage firms specializing in hospitality
sales, consulting and acquisitions in the Central United States and
is a member of HMBA:
America's Hotel Broker. BHA's headquarters is located an Oklahoma City,
Oklahoma.
Contact:
Peter Holmes
Bruce Holmes & Associates
4900 Richmond Square, Suite 104
Oklahoma City, OK 73118
Office: 405-810-1414
Fax: 405-810-1515
Email: [email protected]
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