Devon buying Colcord

[metro]

tuck, I agree, at least XO and Soleil have underperformed. The hotel seems pretty busy to me usually. The NBA permanently here will only help that tremendously. I'm sure Nichols isn't paying Chesapeake kind of money, but I'm sure Coury is walking away happy and making a profit. Again, the question raises, what will he do with the cash. He's stated on record numerous times he wants to keep expanding his boutique hotel empire. Part of Colcord's problem is not enough rooms. I imagine the old Hotel Black has a lot more space thus a lot more rooms. I'll keep dreaming for now...........

[HOT ROD]

very interesting observation Metro. I mthink you're onto something.

Congrats to Devon and my sincere condolences to Larry Nichols for the passing of his dad. ...

Please continue to be the constant visionary power of downtown OKC!

[jbrown84]

tuck, I agree, at least XO and Soleil have underperformed. The hotel seems pretty busy to me usually. The NBA permanently here will only help that tremendously. I'm sure Nichols isn't paying Chesapeake kind of money, but I'm sure Coury is walking away happy and making a profit. Again, the question raises, what will he do with the cash. He's stated on record numerous times he wants to keep expanding his boutique hotel empire. Part of Colcord's problem is not enough rooms. I imagine the old Hotel Black has a lot more space thus a lot more rooms. I'll keep dreaming for now...........

The Coury Collection has expanded to include the Price Tower in Bartlesville (mgmt) and the Ashton in Ft. Worth. I'd guess they'd be more likely to use the cash to add another city to the collection. Dallas, Austin, Little Rock, KC or somewhere else nearby.

[solitude]

This sounds like good news all the way around.

LordGerald, Ted Streuli is Managing Editor of the Journal-Record, now owned by Dolan Media out of Minneapolis. How is that "Tulsa-based?"

[Pete]

The problem with the Colcord and it's restaurants is that is seems somewhat isolated in it's location. It faces onto a largely vacant Myriad Gardens, the Century Center to the east is a ghost town and the Myriad isn't very busy these days either.

In reality it isn't far from most the activity but last time I walked over there, it *felt* isolated and slow.

That will certainly change in a big hurry with Devon coming in but in the short-term, that's going to make things worse for them. I hope the restaurants can hang in there, as this project will be under construction for 3 years or so.

[jbrown84]

Definitely sounds like the likely scenario is that Coury buys it back after Devon helps improve the parking situation, as well as things like the location of A/C units and dumpsters (currently right next to the patio area unfortunately.

Doesn't really sound like they will add the missing wing or make it corporate apartments or anything drastic like that.