Ambassador Celebrates Decade Since Reopening

The Hotel Ambassador marks its 10-year anniversary this month – eight decades after it originally opened.
Designed by architect N.E. Peters of Kansas City and assisted by Smith & Senter of Tulsa, the Ambassador Apartment Hotel, 1324 S. Main St., opened in 1929 under the ownership of Gen. Patrick J. Hurley, a former U.S. Ambassador.
From 1949 to 1987, the hotel experienced several ownership changes and underwent sporadic renovations. Significant changes included the addition of a 10th floor, a street-level cafeteria and a basement, which today houses the Chalkboard Restaurant.
The Hotel Ambassador closed due to struggling finances in 1987.
Paul Coury, president of the Coury Collection, a Tulsa-based hospitality development and management unit, purchased the Hotel Ambassador in 1997.
“I’ve always thought it was a very charming building,” Coury said. “Ten years ago, this area was pretty blighted, but while it wasn’t necessarily a desirable neighborhood, it was a well-located neighborhood.”
Coury said the area came up fast after the Coury Collection purchased the Ambassador.
“Everything happened really fast, and all of a sudden you had this sort of regentrified pocket.”
The Coury Collection reopened the hotel in May 1999, after a $5.5 million restoration.
The Hotel Ambassador is now listed on the National Register of Historic Places and Historic Hotels of America.
The Ambassador is not alone, either. The Coury Collection is full of historic properties, including the Inn at Price Tower, 19 rooms in Frank Lloyd Write’s only skyscraper, and the Colcord in Oklahoma City. Coury said the collection may be expanding soon, too, as he is currently about to start renovations on a property in an historic area of Kansas City.
The hotel recently underwent another cosmetic renovation to the tune of $700,000, or roughly $12,700 per room.
“All of the rooms, the carpet in the hallways and the meeting rooms were completely redone,” Coury said.
It may seem like a lot to spend during a recession, but Coury said while the Ambassador’s revenue has been affected, it hasn’t been by much.
“The first quarter was off, but not as much as other hotel markets, which were off by 10 to 12 percent. We were off more like 3 or 4 percent,” Coury said. “The hope, just as it was in the travel slump after Sept. 11, is that it doesn’t last so long you have to lower your rates, because it’s hard to recover from that. I don’t think we’ll get there, our revenue this month is already back on track.”
Coury said part of the stability of his income is due to the stability of his target market.
“About 60 to 70 percent of our clients are high-end business travelers,” he said. “We have seen some cutbacks on our large corporate accounts, but the majority of our business clients are individual business people, so they haven’t had to cut back as much.”
The Ambassador, currently the only “boutique” hotel close to downtown, faces threats other than the economy. Two new boutique hotels, the Mayo Hotel and Lofts the 120-room Courtyard by Marriot, set to occupy the Atlas Life Building, are both scheduled to open soon.
“We may see some impact at the end of the day,” Coury said. “The Mayo is a fairly notorious building, so I’m sure there will be a lot of curiosity. But we also offer the largest rooms in Tulsa and high-end customer service, so I think we’ll be fine.”
For information and reservations at the Hotel Ambassador, visit www.hotelambassador-tulsa.com.
Transactions
Ejike Joe Ajalla and Chinyere Ajalla purchased vacant land in Mission Plaza, a professional and medical office park in Broken Arrow near 91st and Garnett. Purchase price was $122,000. The site is 20,177 SF. The seller was Berkshire Development LLC. Doug Bauer, CCIM with Bauer & Associates handled the sale.
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Sherwood Construction Company has purchased 11.57 acres at 4912 South Elwood Ave. for $1.05 million. The seller was Philip N. Hughes of Tulsa. Bob Pielsticker, SIOR with CB Richard Ellis/Oklahoma handled the negotiations.
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Tulsa Community College purchased from Tulsa Sol LLC lots four, five, and six, block 188, City of Tulsa. The tract of land consists of approximately 42,000 SF and will be developed as parking adjacent to TCC’s downtown campus. Sale price for the property was $630,000. Bruce Bolzle with KMO represented the seller. Jim Stephens of Adwon Properties Inc. represented the purchaser.
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Leases
Consignment Furniture has leased 7,050 SF of retail space at 12005 S. Memorial, in the Town & Country Shopping Center. Jim Stephens of Adwon Properties Inc. represented the landlord, TC-94 LP, and the tenant in the transaction.
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Composite Technologies renewed its 1,350-SF lease in the 5400 Mingo Center, 5436-M S. Mingo. Sheridan Royal Properties-Mingo LLC is the owner of the center. Charlie Northcott with Property Specialists Inc. handled the lease.
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Doyle George has renewed his 280-SF office space in the Heritage Center, 4425 E. 31st St., Ste. H. 6380 Properties LLC is the owner of the center. Charlie Northcott with Property Specialists Inc. handled the lease.
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William Widell Jr. opened his 325-SF law office in the Heritage Center, 4425 E. 31st St., Ste, F1. 6380 Properties LLC is the owner of the center. Charlie Northcott with Property Specialists Inc. handled the lease.
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Load-N-Go, locally-based moving and delivery company, renewed its 450-SF office lease and expanded its warehouse space in the Sheridan Royal Center, 6301 E. 32nd St. Sheridan Royal Properties LLC is the owner of the center. Charlie Northcott with Property Specialists Inc. handled the lease.
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It’s A Sign has renewed its 650-SF commercial signage lease in the 5400 Mingo Center, 5412-BA S. Mingo. Sheridan Royal Properties-Mingo LLC is the owner of the center. Charlie Northcott with Property Specialists Inc. handled the lease.
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Farmers Insurance has renewed its 420-SF office lease in the Sheridan Royal Center, 6303 E. 32nd St. Sheridan Royal Properties LLC is the owner of the center. Charlie Northcott with Property Specialists Inc. handled the lease.
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Andy Weinstock leased 1,000 SF of retail space in the Woodland View Center, 6037 S. Sheridan, for his computer software development company. Bill J. Ramsey Real Estate is the owner of the center. Charlie Northcott with Property Specialists Inc. handled the lease.
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Brian E. Blake, dba Weight Loss Clinics of Oklahoma, leased 1,500 SF at Kenosha Commercial Center. Tanda Francis with Beacon Commercial Group Ltd. was the broker in this transaction.
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The Resource Group LLC renewed its lease of 3,152 SF at Meridian Tower. Tanda Francis with Beacon Commercial Group Ltd. represented the tenant and Terry Payne with CB Richard Ellis/Oklahoma represented the landlord.
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The Department of Rehabilitation Services with the State of Oklahoma leased 5,041 SF at 907 Office Building. Tanda Francis with Beacon Commercial Group Ltd. was the broker in this transaction.
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Dayco Products leased 19,162 SF at 4500 Exchange Center, 4500 S. Garnett. Mary Martin, SIOR, CCIM with CB Richard Ellis/Oklahoma represented the tenant and Casey Griffin with Logan Asset Management represented the landlord.
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Best & Sharp Law Firm leased 12,532 SF at Williams Center Tower I, One W. Third St. Steve Baker, CCIM with CB Richard Ellis/Oklahoma handled the negotiations.
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Sears Logistics Services renewed its lease for 11,616 SF at Expressway Center, 3643 S. 73rd East Ave. Tom O’Brien, SIOR, CCIM, Matt Klimisch, SIOR, CCIM, David Glasgow, CCIM and Bob Pielsticker, SIOR with CB Richard Ellis/Oklahoma handled the negotiations.
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Tulsa Way Inc. leased 11,400 SF at 5444 S. 108th East Ave. Tom O’Brien, SIOR, CCIM, Matt Klimisch, SIOR, CCIM, David Glasgow, CCIM and Bob Pielsticker, SIOR with CB Richard Ellis/Oklahoma handled the negotiations.
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Bread of Life Ministries Inc. leased 3,300 SF at Shannon Square, 9525 E. 51st St. Jim Brown, CCIM and Stacie Stuart with CB Richard Ellis/Oklahoma handled the negotiations.
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Genghis Grill Franchise Concepts LP leased 3,000 SF at Cherry Street Ridge, 1619 E. 15th St. Mendy Parish, CCIM with CB Richard Ellis/Oklahoma handled the negotiations.
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D.P. Byers Company LLC leased 3,000 SF at 111 S. 147th East Ave. Jim Brown, CCIM and Stacie Stuart with CB Richard Ellis/Oklahoma handled the negotiations.
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At the Beach leased 2,600 SF at Centennial Plaza, 4935 and 4941 E. 21st St. Mendy Parish, CCIM, Dwayne Flynn, SIOR, CCIM, Bill Mizener, SIOR and Shawna Hale with CB Richard Ellis/Oklahoma handled the negotiations.
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TGD LLC leased 1,199 SF at Shops at Broken Arrow, 1200 E. Hillside Drive in Broken Arrow. Mark Rooney with CB Richard Ellis/Oklahoma handled the negotiations.
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Choice Consulting Inc. leased 1,050 SF at Long View Shopping Center, 9403 E. 31st St. Paul Williams, CCIM with CB Richard Ellis/Oklahoma handled the negotiations.
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Aladdin Flooring LLC leased 1,000 SF at 7743 E. 38th St. Shawna Hale with CB Richard Ellis/Oklahoma handled the negotiations.
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King and King Acquisitions LLC leased 1,000 SF at Southland Trade Center, 4125 S. 68th East Ave. Shawna Hale with CB Richard Ellis/Oklahoma handled the negotiations.
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Progressive Tooling Inc. renewed its lease for 1,000 SF at 7739 E. 38th St. Shawna Hale with CB Richard Ellis/Oklahoma handled the negotiations.
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Spice Mate renewed its lease for 480 SF at South Main Plaza, 1806 S. Main St. in Broken Arrow. Paul Williams, CCIM with CB Richard Ellis/Oklahoma handled the negotiations.
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Health Tech of Tulsa Inc. renewed its lease for 290 SF at The Pines Office Building, 6130 E. 32nd St. Steve Baker, CCIM and Angela West, SIOR with CB Richard Ellis/Oklahoma handled the negotiations.
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Christlife Church of God leased a 20,298-SF building at 11444 E. 20th Place. The landlord is Benien Courts Inc. Monty Berry, CCIM of NAI Commercial Properties handled the lease for both parties.
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EMS of Oklahoma leased a 10,000-SF office building at 1815 W. Detroit, Broken Arrow. The landlord is 1815 Detroit LLC. Monty Berry, CCIM of NAI Commercial Properties handled the lease for both parties.



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