5200 N Classen Cir - Hospitality FOR SALE


Oklahoma City, OK 73118
$3,000,000 USD
818-851-3300
5200 N Classen Cir, Oklahoma City, OK for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

5200 N Classen Cir
Oklahoma City, OK 73118


HIGHLIGHTS

  • 55 Unit, 4 Story, Interior Corridor Hotel with Indoor Pool
  • Excellent Conversion Opportunity to the Available Midscale/Premium Economy New Brands: Garner by IHG or Spark by Hilton
  • Underperforming Occupancy at 33.3% Compared to 49% for Comp Set
  • Located on Interstate 44 in the Heart of Oklahoma City
  • Perfect Fit for Garner by IHG with Broker PIP Available
  • OKC is Oklahoma's Most Populous City with over 649,000 Residents, Growing 12.5% over the Past 10 Years.

OVERVIEW

This hotel conversion opportunity is currently branded as a Sleep Inn & Suites. It is a 55-room, 4-story interior corridor hotel located in Northwest Oklahoma City, Oklahoma. With underperforming occupancy at 35% and a 4 story property built in 2006, this is a perfect opportunity for a conversion to the new introduction of Garner by IHG or Spark by Hilton. Regarding Garner: The InterContinental Hotels Group (IHG) has introduced Garner hotels, unveiled August 2023, is a midscale brand leading with character and focusing on delivering quality stays at an affordable price. Garner hotels promise an outstanding/decorative experience for guests and an investment proposition for owners seeking high returns. More information about the Garner transition can be found here: https://ihg.showpad.com/share/Ef18lNlTexDyUDZ0SNqCF/0 Spark by Hilton is a premium economy hotel, valuable, comfortable, and reliable that employs an innovative conversion model, a brand with upside revenue opportunities for owners. Additional details about the conversion requirements can be provided upon inquiry. The hotel's location provides easy access to a range of local attractions and business hubs that include, hospitals, small businesses, and family fun outdoor activities. Guests can explore the nearby Oklahoma City Zoo, Oklahoma City National Memorial Museum, and attend a variety of sports, concerts, and entertainment options at the Chesapeake Energy Arena. Offers are highly encouraged.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$92 USD /SF

# OF ROOMS

55

PRICE/ROOM

$54,545 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garner by IHG Conversion Opportunity

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2006

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

C-4

APN/PARCEL ID

058857350

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.