OKC MAPS Economic Impact - Executive Summary

OKC MAPS PROJECTS – 25 YEARS

Figure 7. Downtown Hotel Development

BR= Bricktown BD= Business District

Room Count

Open Date

Hotel

Address

Sheraton Oklahoma City Downtown Hotel

396 Dec-76 1 N Broadway Ave 15 Feb-82 820 N Classen Blvd

BD BD BD BD BD BR BD BR BR BR BD BR BR BD BD BR BR BR BR BR

Classen Inn Motel

Renaissance Oklahoma City Convention Center

311 225

Jan-00 Jan-04

10 N Broadway Ave

Courtyard Oklahoma City Downtown

2 W Reno Ave

Colcord Hotel

108 Oct-06 15 N Robinson Ave

Residence Inn Oklahoma City Downtown Bricktown

151

Jan-07

400 E Reno Ave

Hilton Skirvin Oklahoma City

225 Mar-07 1 Park Ave

Hampton Inn Suites Oklahoma City Bricktown Hilton Garden Inn Oklahoma City Bricktown Homewood Suites Oklahoma City Bricktown

200 Feb-09 300 E Sheridan Ave

155 100

Jan-14 Jan-14

328 E Sheridan Ave* 328 E Sheridan Ave*

Autograph Collection Ambassador Hotel Oklahoma City aloft Hotel Oklahoma City Downtown Bricktown Holiday Inn Express & Suites Oklahoma City Downtown Bricktown Embassy Suites Oklahoma City Downtown Medical Center

54 Mar-14 1200 N Walker Ave 134 Apr-14 209 N Walnut Ave

124

Jan-15

101 E Main St

195 Feb-15 741 N Phillips Ave 135 Jun-16 900 W Main St

21c Museum Hotel Oklahoma City

Springhill Suites Oklahoma City Downtown AC Hotels by Marriott Oklahoma City Bricktown

124

Jul-17

600 E Sheridan Ave

142 Dec-17 411 E Sheridan Ave 134 Mar-18 20 Russell M. Perry Ave 97 Apr-18 933 East Reno 138 Sep-18 120 S Lincoln Blvd

Hyatt Place Oklahoma City Bricktown

Candlewood Suites Oklahoma City Bricktown Staybridge Suites Oklahoma City Downtown

Total - Downtown Total - Bricktown

1,664 1,499 3,163

Total Available Rooms

Omni Oklahoma City Hotel (MAPS 3 Project)

605 Early 2021 400 S Robinson Ave

BD

Total (Available + MAPS 3)

3,768

Source: Oklahoma City Convention & Visitor Bureau; Smith Travel Reports, Sep 2018. Notes: The Hilton Garden Inn and Homewood Suites are adjoining properties.

2018 and the hotel is set to open in early 2021. The new MAPS 3 convention center is expected to open just prior to the hotel in 2020. The 605 planned rooms at the Omni will push the total room count in the study area to 3,768. This is a nearly 10-fold increase over the roughly 400 hotel rooms available downtown at the start of the MAPS projects. A 2010 study of the Core-to-Shore area by the Urban Land Institute suggested that 4,000 downtown hotel rooms, including a headquarters hotel with 600 to 700 rooms, were needed to move the city into the same tier as other peer convention markets. Given other planned hotel development downtown, the city will undoubtedly meet this objective with the completion of the Omni in 2021. Tourism The 2009 MAPS report detailed many of the initial tourist attractions added to the downtown area in the early years of the MAPS projects. These include both public MAPS projects and numerous private venues and events.

27

Made with FlippingBook - professional solution for displaying marketing and sales documents online