Oscar Hokold, who grew a small home-building concern into a business empire that included a chain of motels, thousands of apartments, a restaurant and condominium development company, has died at age 98.
The son of Norwegian immigrants, Hokold passed away on June 5. A private family service already has been held. His wife of 71 years and business partner, Olivann, died two years ago at 96.
Hokold was best known for his string of King Oscar motels in Western Washington, his Oscars on Hosmer restaurant and the 14-story Pacific Towers condominium that overlooks downtown Tacoma at 3201 Pacific Ave. During Hokold’s lifetime, he built hundreds of single-family homes and condominiums and more than 2,000 apartments.
The developer was a graduate of Lincoln High School. He attended the University of Washington and Pacific Lutheran University.
In the late ’40s, Hokold began his building career with the acquisition of a lot at South 52nd Street and South Sheridan Avenue where he constructed and sold a two-bedroom house. He used the profits from that deal to buy more lots, and his homebuilding business blossomed. Many of the homes built in the Wapato area of Tacoma in the ’50s were Hokold projects.
Hokold is survived by his daughter, Jean Patterson, and his son, Harry Hokold. Another son, Jack, preceded him in death.