Optimum Sells a Best Western in Lawton, OK
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.
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