Third Bricktown hotel planned

Exerpt from Journal Record in December 2005.

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Four developments planned in Bricktown, Oklahoma

In the next several years, Bricktown will become home to at least two nationally known hotels. Talks about a third hotel and mixed residential and retail development are in the works.

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..... The third hotel, an Embassy Suites, is still in the planning stage.

Hammons said when he adds the Embassy Suites, which is still in negotiations although construction is scheduled to begin in April or May, his hotels will offer a total of 944 rooms in downtown Oklahoma City/Bricktown.

There's a market there, Hammons said. It was created when Bricktown was designed and allowed to go forward.

Talks for the $35 million Embassy Suites have been ongoing since November 2004 when Hammons received a six-month extension from the Urban Renewal Authority to start construction on the site.

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Another exerpt from another Journal Record issue:

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The only planned building not already under construction is a proposed hotel on the Bricktown canal. Felcor Lodging LP, the Irving, Texas-based hotel developer, said it has backed out of plans to build a 151-room Holiday Inn & Suites and is seeking a new developer to take over the project.

The estimated $15 million hotel at the southeast corner of E. Reno and Stiles avenues would have been the first hotel inside Bricktown.

FelCor Lodging launched the hotel development in November, announcing plans to build the "Holiday Inn of the Future." Company officials acknowledged in May, however, that financial conditions for the company had changed and the project would be canceled.

"We do not intend to develop the project at this time," said Mike DeNicola, FelCor's executive vice president and chief investment officer. "We are looking for someone to buy out our interest in the project (basically pre-development costs)."