Hampton Inn Coming to Olympia Medical Park

American Hotel Investors Inc. has purchased 2.72 acres in the Olympia Medical Park at US 75 and 71st Street from Shadow Inc.
The site, which had a sales price of $620,000, will be the home of a Hampton Inn and Suites. Andy Patel, the managing member of American Hotel Investors Inc., is also currently building an “aloft” hotel at 71st Street and Highway 169 in Tulsa.
The 140-room aloft hotel, a brand of Starwood Hotels and Resorts Worldwide, will open in late 2008 or early 2009.
The Hampton Inn and Suites will be located in the Olympia Medical Park. Anchored by the Tulsa Spine Hospital, the property is a 54-acre development located at 6901 S. Olympia Avenue, just east of Highway 75, off of 71st Street.
Jim Stephens of Adwon Properties Inc. represented the buyer in the transaction, while Scott Morgan of Coury Properties represented the seller.

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