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- LoopNet Team
2700 W Broadway St
Ardmore, OK 73401
Econo Lodge Ardmore · Hospitality Property For Sale
·
55,000 SF
INVESTMENT HIGHLIGHTS
- Trailing 12 months room revenue is $1.07MM. The Hotel is projected to make over $1.12MM in 2023.
- The Hotel has great Upside Potential for a new owner/operator.
- The Hotel is offered at $38,500/ key considerably below replacement cost in a productive market. A minimal new owner PIP is anticipated.
- The hotel has excellent visibility and easy access of Interstate 35 and is perfect for repositioning, currently approved for Clarion Pointe by Choice.
- Available unencumbered of management agreement. The Hotel is currently operated by an on-site/full-time GM with no marketing or sales staff.
- 2 acre tract of land located directly west of the hotel is available for purchase
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1971/2021 |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Lot Size | 5.37 AC | Corridor | Interior |
| Building Size | 55,000 SF | ||
| Zoning | C1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.37 AC |
| Building Size | 55,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2021 |
| Parking Ratio | 2/1,000 SF |
| Corridor | Interior |
| Zoning | C1 |
AMENITIES
- Fitness Center
- Public Access Wifi
ABOUT 2700 W BROADWAY ST , ARDMORE, OK 73401
The Econolodge in Ardmore Oklahoma was built in 1971 and is a well maintained, 2 story, 100 room, economy service hotel with all the rooms in perfect functional and rentable condition. The hotel features a room mix of 37 Standard Kings and 67 Standard Double Queens. There are 2 large and one small manager’s apartments on the second floor. Guests enjoy convenient amenities such as free high-speed Wi-Fi, hair dryer, microwave, and mini-refrigerator, 39 - 43” flat-screen TV’s with Direct TV premium cable and common amenities that include a fitness center and a large outdoor barbecue area. The hotel is located just off Interstate 35 which gives the hotel high accessibility and visibility from the highway and is within an 80 minute drive from Oklahoma City to the north and Texas to the south. The hotel is proximate to retail and eatery venues 2022 will be the hotels best year with a projected $1.125MM in Room Revenue.
PROPERTY TAXES
| Parcel Number | 0500-00-001-002-0-001-00 | Improvements Assessment | $103,924 |
| Land Assessment | $154,807 | Total Assessment | $258,731 |
PROPERTY TAXES
