Property Overview
Deal Highlights
• Priced at 2.9X T12 Room Revenue
• Offered at 25% of replacement / Just over $40K per room (approx.)
• Top 20 metropolitan area population 1.5M plus
• Income trending upward
• Tremendous Location | Barriers to Entry | Demand Generators
The 145 unit Holiday Inn & Suites Hotel is an exceptional investment opportunity in a top 20 metropolitan area with good existing cash flows. The hotel underwent a total reposition and renovation in 2018 from Wyndham to Holiday Inn & Suites with 38 suites and 107 oversized rooms and more minor renovations again in 2023-24 (recap in OM).
The hotel is highly desirably located at the crossroads of Interstates 44 and 235, less than two miles from the Oklahoma State Capital Complex, four large medical centers, Downtown OKC, Bricktown, OKC’s Adventure district including multiple museums, OKC Zoo & Botanical Gardens, Remington Park Casino and Race Track, USAA Softball Stadium complex, four golf courses and many other bleisure destinations. Other nearby demand generators include US headquarters for: Chesapeake Energy - Fortune 500, Continental Resources (NYSE), Devon Energy - Fortune 500, Love's Travel Stops & Country Stores - Forbes Largest Private Companies, OGE Energy - Fortune 1000, Sonic Drive-In Restaurants (NASDAQ) as well as literally hundreds of other dynamic business class clients. All are within a short drive from the Holiday Inn & Suites.
Located in a Federal Opportunity Zone. Construction style and design could be re-adapted as apartments as well. Additionally, the immediate five mile radius has over $10B in ongoing development (see list in OM). The hotel’s strategic Northside location is also only minutes from OKC’s top rated suburb, Edmond. Consistently rated on of the Top 100 communities in America (2023).
Highly motivated owner seeks closing before year end. All reasonable offers will be entertained.
Property Highlights
| Asking Price | $5,995,000 |
| Location | Crossroads of Interstates 44 and 235 |
| Property Description | Full Service |
| Number of Rooms | 145 |
| Major Source of Business | Business, Downtown, Traveler, Transient, University, Corporate & Retail |
| Site Size | +/- 3.82 |
| Year Built |
1980 |
| Last Year Renovated |
2024 |
| Common Area Amenities | Restaurant and lounge/bar, business center, fitness room, 6000 SF meeting space, guest laundry, indoor pool & hot tub, elevators |