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1301 W Memorial Rd
Oklahoma City, OK 73114
Best Western Plus Memorial Inn & Suites · Hospitality Property For Sale
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36,096 SF
Investment Highlights
- The hotel presents an excellent opportunity for a buyer to acquire a stable and consistently performing asset with a definite operational upside.
- Proximate to many demand generators like major hospitals, universities, and a 180-acre residential, retail, eatery, and entertainment hub.
- For the 28-day period ending February 12th the hotel showed a 168.7 % index penetration in occupancy and a 153.8% index penetration in RevPAR.
- The property fronts the John Kilpatrick Turn Pike and Memorial Road, supporting a traffic count of over 80,000 cars per day.
- In 2021 the hotel showed an Occupancy, ADR and RevPAR at 79.1% (137.4% IP), $75.16 (98% IP) and $59.43 (134.5% IP), respectively.
- The hotel is approved for auto transfer of the Best Western membership and offered unencumbered of management and any debt.
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2004/2015 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.09 AC | Parking Ratio | 1.66/1,000 SF |
| Building Size | 36,096 SF | Corridor | Interior |
| Zoning | C-3 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.09 AC |
| Building Size | 36,096 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2015 |
| Tenancy | Single |
| Parking Ratio | 1.66/1,000 SF |
| Corridor | Interior |
| Zoning | C-3 |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Number | 140316115 | Improvements Assessment | $262,688 |
| Land Assessment | $28,372 | Total Assessment | $291,060 |
Property Taxes
Parcel Number
140316115
Land Assessment
$28,372
Improvements Assessment
$262,688
Total Assessment
$291,060
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