Open since April 17, the hotel's "coming out" party will feature a ribbon cutting at 5:30 p.m. and a night of food and drinks at the hotel, located west of Interstate 35 between Robinson and Main Streets.

Shannon Sherrod, director of sales for the hotel, said the Garden Inn is a new brand in the Hilton organization created to compete with the Marriot's Courtyard.

"The hotel is designed with the business traveler in mind," Sherrod said. "It's meant to give them the amenities they have in their homes while traveling."

With room prices ranging mostly from $129 to $149, Sherrod said the hotel offers a workout facility, high speed Internet connections and room service on a limited basis.

Denver-based housing company purchases Lexington Crossing

Yes! Communities Inc., a Denver-based company that owns and operates more than 18,000 housing communities in 12 states, announced this past Wednesday the acquisition of Lexington Crossing in Norman, according to the firm's Chief Operating Officer Andrew Luter.

"Given the recent economic downturn and the fallout from the subprime mortgage crisis, we need affordable housing in Cleveland County now more than ever," Luter said. "Our company is committed to meeting this need with a positive housing experience and a 'yes' attitude, both for our existing as well as our prospective residents."

The manufactured home community near Norman North High School has more than 300 units, most of which are occupied, Luter said.

"Homes at Lexington Crossing range anywhere from $10,000 for a used home to $40,000 for a new one," Luter said.

Lot sells for $235,000

A commercial lot at 1018 24th Ave. NW was recently purchased for $235,000 by QOP Lot 2, LLC. The seller was SHV 1, LLC.

The transaction was handled by Eric C. Fleske, CCIM, Equity Commercial Realty LLC. Financing was provided by Republic Bank -- Trust Co. The buyer purchased the property for investment purposes.

-- Transcript Staff