Patel to Build Four Tulsa Area Hotels

Robert Patel, president of Tulsa-based Leisure Hospitality Inc. has announced he will develop four hotels in Green Country over the next 12 months.
The hotels include an $8.5 million Hampton Inn & Suites at 9009 N. 121st East Ave. in Owasso, a $6.85 million extended stay TownePlace Suites by Marriott at 9400 N. Owasso Expressway, a $6.8 million Holiday Inn Express at 2350 SE Washington Blvd. in Bartlesville, and a $15 million, 136-room Courtyard by Marriott on 71st Street, east of the Woodland Hills Mall.
Patel, under the name Leisure Hospitality, owns the Staybridge Suites Hotel by Holiday Inn at 11111 E. 73rd St. in Tulsa and the Holiday Inn Express at 150 Aquarium Drive in Jenks.
In June, Patel sold the Holiday Inn Express Gilcrease and Owasso’s Holiday Inn Express to New York-based Emerald Hospitality for a combined $8 million.
The Holiday Inn Express Gilcrease, at 2316 W. Cameron St., appraised for $2.95 million in 2006. The Holiday Inn Express Owasso, at 7551 N. Owasso Expressway, appraised for $3.95 million.

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