The next time you're in Tecumseh, Oklahoma, take a drive down Broadway Street and keep your eyes open for the new Maverick Hotel. Located on the original 1898 site of the Maverick Saloon, this boutique hotel has undergone extensive renovation under the watchful eyes of new owners Bob and Cherie Trousdale. The Maverick Hotel brings spacious and stylish accommodations and the feel of the big city to the small town.
Bob and Cherie addressed several challenges as they began moving their business idea from conception to reality. The first challenge was physical, including managing the design, demolition and renovation of the new facility. The second and greatest challenge was identifying financing for the project. After acquiring a construction loan, unexpected overruns occurred. Due to the rising cost of materials and labor and the decision to add safety features such as a sprinkler system, another loan was acquired at a local bank. Bob and Cherie found the available interest rates less than desirable and began to research other financing opportunities.
Bob and Cherie learned about the award-winning Citizen Potawatomi Community Development Corporation in the tribal newspaper (HowNiKan) and decided to check out this resource. CPCDC staff were willing to listen to their business ideas, to give expert advice and to offer help in every respect.
"We were challenged to rethink our business plan," Bob and Cherie recall. "Research showed that we had under-stated our projected occupancy rate according to other businesses in the area. This was surprising and encouraging. The counsel has proven to be accurate. After six months of business we have exceeded our goals and are excited about future growth. Travelers have come from all over the United States and we have hosted guests from Italy, France and Peru.
"In our many business ventures, we have not worked with a more discerning group. Their service was fast, accurate and flexible enough to meet our needs while upholding their criteria."
"Working with the CPCDC has had a great impact on our business, "they continue. "Primarily, being able to depend on the knowledge, expertise and efficiency of those working with the CDC has allowed us to focus on our business. We are able to focus on marketing our facility and taking special care of the guests. We have peace of mind. We have developed a relationship with personnel and feel that they truly are excited about our project and share our desire for success. We want to thank Kristi and Cindy for their unwavering encouragement and going beyond. They have truly made us feel like we are their only customers and have exceeded our expectations.