Hotel investor looks to acquire Osler Building in Oklahoma City
BY STEVE LACKMEYER NewsOK.com
Sunday, November 04, 2012
11/04/12 at 2:48 AM
Paul Coury, owner of Tulsa-based Ambassador Hotels, is preparing to add to his growing chain of properties with the acquisition of an historic hotel in Oklahoma City.
The executive plans to close on the Osler Building, empty since it was acquired by MidTown Renaissance Group in 2006, by December. Coury envisions reopening it late next year as an Ambassador-branded holding.
Coury, a boutique hotelier who previously owned and operated the Colcord Hotel at Broadway and Sheridan avenues, has long considered the seven-story Osler a prime candidate for conversion to a hotel.
"I had my eye on it for a while after I sold the Colcord (in 2008)," Coury said. "We were looking to have another presence in Oklahoma City. When state legislators decided they were going to review state tax credits, we put it on hold until we knew what the outcome would be."
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Original Print Headline: Hotel investor to expand in OKC
slackmeyer@opubco.com
Associated Images:
Tulsa-based investor Paul Coury plans to acquire the Osler Building in Oklahoma City, which has been empty since it was acquired by MidTown Renaissance Group in 2006. PAUL HELLSTERN / The Oklahoman
Paul Coury: The owner of Tulsa-based Ambassador Hotels is looking to close on a property in Oklahoma City by December.
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