3141 Northwest Expy - Hospitality FOR SALE


Oklahoma City, OK 73112
$5,250,000 USD
818-851-3300
3141 Northwest Expy, Oklahoma City, OK for Sale
$5,250,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

3141 Northwest Expy
Oklahoma City, OK 73112


HIGHLIGHTS

  • 79 Unit, 10 Story Interior Corridor Hotel with Outdoor Pool
  • Trailing Twelve Month Room Revenue as of July 2024: $1,228,537 and Increasing since PIP Completion
  • Fully Renovated with PIP Completed in September 2022
  • Asking $66k/key for Turnkey Property
  • Large Parking Lot with Ample Parking for Bus/Truck Parking
  • Excellent Location in the Heart of Oklahoma City, OK near Downtown and across the Street from INTEGRIS Health Baptist Medical Center

OVERVIEW

The Country Inn & Suites is a 79-room, 10-story interior corridor hotel located in Northwest Oklahoma City, Oklahoma nearby to Interstate 44. This hotel offers a prime opportunity for travelers and investors, thanks to its positioning and proximity to major demand generators in the area. The hotel is completely renovated, completing its PIP in September 2022. Among major updates include new fire panel and security systems, public areas, new breakfast area, and all guestrooms fully updated. The hotel features a 1,600 square foot meeting room space accommodating up to 100 guests, along with a dedicated team to assist with planning, setup, and creating a customized event website. Additionally, guests can enjoy a fitness center, a complimentary hot breakfast, banquet facilities, and an outdoor pool. The hotel benefits from its proximity to several major demand generators, including being across the street from INTEGRIS Health Baptist Medical Center. It is a short drive from downtown Oklahoma City, the Oklahoma City National Memorial Museum, and the lively Bricktown Entertainment District. Situated in a thriving area with numerous job opportunities, including restaurants, small businesses, health centers, and other enterprises, all contributing to enhanced customer satisfaction and community growth. Oklahoma City continues to multiply and is ranked the Number 1 city for the lowest cost of living among large cities in 2023. Thanks to its prime location and local attractions, the hotel is well-positioned to capture a significant market share.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$133 USD /SF

# OF ROOMS

79

PRICE/ROOM

$66,456 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Inn & Suites by Radisson

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

10

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1967

PARKING SPACES

79

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C-3

APN/PARCEL ID

147012000

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3300

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.