It may not have happened in any world. Even the Bizarro World where Hudson resides.
ENCOUNTER FINALIZES ACQUISITION OF HOTEL IN ENID, OKAHOMA
Press Release | 01/29/2020
The Board of Directors of Encounter Technologies, Inc., a Colorado corporation (US.ENTI.PK) ("Encounter") is pleased to announce that its subsidiary, Encounter Mid-America Properties, Inc., an Oklahoma corporation ("Mid-America"), is taking over the OYO Hotel in Enid, Oklahoma. While the effective time and date of the transaction are 12:01 a.m., Central Time, on February 1, Encounter's President, Randolph S. Hudson, will be arriving at the property today. Encounter's Senior Vice-President of Administration, Dean Denton, is expected to arrive at the hotel within two weeks from today and will be charged with the day-to-day management of the hotel.
Initially, Mid-America will be managing the hotel until the close of escrow, which is expcted to occur within one to four months from February 1. During this interim period, Mid-America will be refurbishing the restaurant and bar, and will be performing other remodeling to the hotel itself. Encounter and Mid-America have obtained favorable credit accommodations from its primary lender/investor group located in Miami Beach, Florida.
Mr. Hudson stated, "This is an outstanding opportunity for Encounter and its shareholders, and is the first of two transactions that we expct to occur over the course of the next month or two".
Encounter's next acquisition will be that of an extended stay hotel in Tulsa, Oklahoma. The terms of that transaction remain in negotiation. Encounter's senior executive management expects those negotiations to conlude within the month of February with the consummation of the transaction to occur on or about March 1.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
