SKIRVIN HILTON HOTEL
As one of Oklahoma City's important historic preservation projects, the Skirvin Hilton Hotel has been an important investment both publicly and privately.
The hotel opened in 1911, but sat vacant and deteriorating for years after closing in 1988. The city purchased the hotel in 2002, and the hotel reopened in 2007. The $56.4 million funding plan approved by the city council in 2006 included a mix of public and private sources.
It was expected that lease and interest revenues would be between $2.8 million and $4.7 million, but actual revenue exceeded $8 million.
Along with lease and interest payments, the city has benefited from additional sales tax on hotel activity as well as the state’s match on a portion of the sales tax.