FOR SALE or Joint Venture with Owner - Min $200K Prime Location - AA Bond Rating Start Price - Current Price - Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Tuesday, September 16, 2008 End Time Thursday, October 16, 2008 Location Oklahoma City, Oklahoma See more about 'FOR SALE or Joint Venture with Owner - Min $200K ' Description  Ongoing Hotel Business - Located close to all the action in Bricktown. PRICE $14,500,000 or Joint Venture with Owner Minimum $200K   EXECUTIVE SUMMARY   Overview Bricktown Hotel & Convention Center is a 188 Unit interior access Hotel with an accompanying 10,000 sq ft Convention Center and is located in the East Bricktown Entertainment District. The hotel was taken over by our management team on January 3, 2007. With the success and growth of Bricktown and the new $350 Million Dollar Native American Indian Cultural Center and Museum being constructed across the street from the hotel and located just 1 mile from all the action including a new NBA Franchise in town, four Brand new “State of the Art” Boathouse Museum Rowing Venues from Four Big Universities under construction along the Oklahoma River, what has now become recognized as the #1 venue in America for rowing, kayaking and Dragon Boat Racing the newest spectator sport to hit the nation, and with over $5 Billion in new projects under construction in the surrounding district we are in position for unprecedented growth. Forbes Says- “Oklahoma City is RECESSION PROOF”. The Bricktown Hotel & Convention Center is in position to be a tremendous success.     Financial In our first year of operations our gross sales were $750,000. Through the first six months of 2008 we are over the $1,000,000 mark and on track to hit $2,500,000 by years end. Projections for 2009 are in excess of $4,000,000.     Key Management The Bricktown Hotel and Convention Center management team combines over 30 years of experience in the hotel industry. Our GM, Shane Wauhob, was hired from the Sheraton Hotel. The Guest Services Manager was also hired from the Sheraton Hotel. The Accounting Department is headed by yet another former Sheraton employee. Consequently a total of 9 former Sheraton employees came over to the team. The obvious advantages with this are that we have a full complement of Starwood trained employees on board. Our GM is also a Starwood certified trainer and can walk into any English speaking Starwood Hotel around the world and be able to head up the training in that establishment. Our Executive Housekeeper comes from 25 years of Ameri‐suites Hotel experience, where she was a Regional Inspector. Our Director of Sales comes with over 20 years experience from the Clarion Hotel & Convention Center. Our chief Engineer has also 15 years of experience in running the Maintenance Department of major Hotels. Supporting Team Heading up our Internet Marketing, Strategy, Applications and Branding is Ninthlink Company from San Diego, CA. Ninthlink specializes in growing businesses utilizing the power of the internet. They feature an integrated group of web consultants, creative designers, writers, programmers and marketing professionals “in house”. Clients include: Qualcomm, Jacuzzi, Google, Fine Line Yachts etc. Today, we are on the first page of search engines Google and Yahoo and numerous other search engines. {www.ninthlink.com} Heading up our Public Relations is Saxumcommunications. This company is Oklahoma’s premier Public Relations, Public Affairs and Strategic Marketing Firm. Known for developing innovative and dynamic public relations strategies, the team delivers proven results locally and on a national scale. Clients include: The Oklahoma State Chamber, Finley & Cook Accounting, Park Harvey Building, Oklahoma Department of Commerce etc. {www.saxumcommunications.com}     Objective To strive for $99 ADR and a 75% Occupancy rate with the Opening of the Native American Indian Cultural Center and Museum across the street in 2010, this is expected to bring 1 Million visitors per year. The hotel will be the people’s choice in Oklahoma City among other big brand hotels which cannot compete with our pricing and product in the area. Our ultimate goal by 2011 is gross sales of $6 Million Dollars. This figure would put us at a Value of over $20 Million Dollars.     Conclusion We have the best experienced seasoned staff in place; we are ahead of schedule with our goals and objectives and with the completion nearing of the final stage of renovations - the Bricktown Hotel and Convention Center is going to be a tremendous success.   Bricktown-hotel.com           NEWSROOM BRIEFS _____________________________________________________________________________________ City earns high marks from national bond rating companies – 9/03/2008 The City of Oklahoma City Oklahoma City’s strong financial position, conservative financial management practices, and low debt earn it high ratings from Standard & Poor’s and Moody’s Investor Service, two independent agencies that rate the financial strength of municipal bonds.     ______________________________________________________________________________________     Oklahoma is No. 1 in housing game – 8/27/2008   The Oklahoman   Oklahoma is No. 1 in home value gains — at a time when homeowners in most of the rest of the country are wondering what hit them in their equity. The Sooner State led the nation in appreciation, first among the 50 states, for the period ending June 30, the federal government said Tuesday.   With values in a historic general national decline in most of the country — and in a freefall in some places — values in Oklahoma rose 4.9 percent in the second quarter compared with the second quarter of 2007, according to the Office of Federal Housing Enterprise Oversight Home Price Index.   Place a Bid!