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Local investors buy Colcord Hotel in downtown OKC from Devon Energy


Oklahoman
Two leading downtown developers of offices and housing have bought the Colcord Hotel and are building up a hotel portfolio that includes the unfinished Aloft near Quail Springs Mall and other properties nationwide.
Developers Mark Beffort and Andy Burnett purchased the Colcord on April 30 for an undisclosed price from Devon Energy, which put the property up for sale in October.
Drew Noecker, who brokered the deal, called the hotel a trophy asset.
Andy and Mark are long-term guys, Noecker said. They have patient capital and want to buy the hotels in trophy locations with rich history.
The Colcord was built in 1910 and was originally an office building (the developer, Charles Colcord, rebuffed efforts by partners to make it a hotel). More than a century later, the building still features the original marble and fixtures in the lobby and distinctive cursive neon rooftop sign. ....

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Headlines: Epic Transparency Criticism, 20 More COVID-19 Deaths & Bedlam Softball Starts Today


Multicounty grand jury calls on Epic Schools for more transparency. (Tulsa World)
The Department of Education announces how it will give out $1.5B to schools. (KOSU)
TPS launches website for summer programs. (Tulsa World)
OKC engineer from India worries about family amid surge. (NewsOK)
20 more fatalities from COVID-19 bring the state’s Provisional Death Count to 8,321. (KOSU)
Judge tosses bar owner’s lawsuit as COVID emergency ends. (NewsOK)
Coronavirus precautions likely kept flu numbers down as well. (NewsOK)
COVID-19’s impact on one metro barber. (KOSU)
Regional Food Bank considers bringing back volunteers in June. (NewsOK)
Governor Stitt signs two bills to tax electric and hybrid vehicles. (KOSU) ....

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