2700 W Broadway St
Ardmore, OK 73401
Econolodge · Hospitality Property For Sale · 55,000 SF

The Econolodge is a 100 room, 2 story, interior corridor, economy and limited service hotel located in Ardmore, Oklahoma. The hotel, constructed in 1974 features a large handicap accessible outdoor pool, a fitness center and 24 hour guest laundry. Each spacious room offers its guests the convenience of a refrigerator, microwave and 42 inch flat-screen televisions with a multitude of channels hardwired by Cox cable TV. Additional amenities include a free hot breakfast, free high-speed wireless internet access, free local calls and business center. The hotels meeting facility can comfortably accommodate a group of up to 55 people and its ample parking lot can accommodate cars, trucks and buses of virtually any size. The hotel is well maintained and the owner has been meticulously current with its PIP updates. In its excellent sate of repair, the hotel is offered below replacement cost at $2.7 million dollars, which is $27,000 per room and includes the adjacent approximately 2 acre tract of land directly west of the hotel. In addition to getting a very desirable franchise, the qualified buyer will also receive a new 15 year license agreement with Choice Hotels International. The Econolodge is clearly visible from and easily accessible to and from Interstate 35. It is close to many local points of interest and popular attractions like the Ardmore Convention Center, the Gold Mountain Casino and Heritage Hall auditorium. The hotel is approximately 98 miles from the Dallas Fort-Worth area to the south and approximately 98 miles from Oklahoma City to the north. The popular Windstar International Casino and Resort is located approximately 28 miles to its south in Thackerville, Oklahoma. Outdoor enthusiasts will enjoy being close to a number of recreation areas like Dornick Hills Golf Course, Lake of the Arbuckles and Lake Murray State Park. A number of entertainment venues, retailers, specialty stores, shopping malls and restaurants some, within walking distance of the hotel.