Downtown hotel, housing owner donates $10 million to university

David Nazarian, owner of Oklahoma City’s Sheraton Hotel and Sycamore Square apartments, will be honored by Cal State-Northridge.
FROM STAFF REPORTS Published: April 3, 2014
Advertisement

David Nazarian, whose local holdings include downtown’s Sheraton Hotel and Sycamore Square apartments, recently was honored with the naming of the David Nazarian College of Business and Economics at California State University’s Northridge campus.

Nazarian, a 1982 graduate of the school, pledged $10 million and has committed to leading a $25 million fundraising drive for his alma mater.

“David Nazarian is an industry-leading businessman and philanthropist whose integrity and vision are second to none,” said university president Dianne F. Harrison. “We are so proud of his accomplishments and impact, both on our city and our region.”

Nazarian’s investment in Oklahoma City began with the purchase of the Sheraton Hotel, and more recently his acquisition of Sycamore Square. He said Thursday he is looking at other investment opportunities in Oklahoma City.

“Oklahoma City has been very, very interesting,” Nazarian said. “The people are very easy to work with. A handshake means a lot. We’ve seen a lot of support from the city and it’s very pro-business. Oklahoma City in another five to seven years can be another Austin or Dallas. We want to be a part of that growth.”

Nazarian said he is also looking to invest philanthropically in Oklahoma City.

“When we go to a community, we make money we want to share with that community,” Nazarian said. “We are not just going in to make money and take advantage. We want to listen, and see what community aspects we can help with.”