PROMISE HOTELS OF Tulsa, Oklahoma, has opened The Tulsa Club Hotel, in its hometown. The upscale, full-service hotel is an adaptive reuse project that has given new life to an abandoned downtown building.
Pete Patel is CEO of Promise Hotels. His wife, Tina, is CFO.
Formerly the home of a civic club, the 11-story art deco structure had been vacant for more than 20 years before Promise Hotels teamed up with The Ross Group to transform the 92-year-old landmark structure.
The Ross Group acquired the building in 1995 for $1.5 million, and Promise Hotels became an equity partner in the project. The companies have built several hotels together.
The Tulsa Club renovations cost $36 million, reports Tulsa World newspaper. The cost was offset by state and federal historic tax credits.
Construction experts maintained much of the structure’s signature design by local architect Bruce Goff. Fortune magazine ran a feature story about the hotel renovation, calling it an example of a “revived” Tulsa and its emerging downtown.
The 96-room hotel opened in April and is part of Hilton’s Curio Collection, a soft brand for independent luxury and upper-upscale lodging assets.
The hotel has two restaurants, a rooftop fitness center, a ballroom and 8,000 square feet of meeting space.
Upscale hotels are going up in nearby Oklahoma City. Last year, local surgeon and developer Dr. Atul Patel was seeking approval to build a 135-room Hotel Indigo in the city’s Deep Deuce neighborhood.