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Country Inn & Suites by Radisson 3141 Northwest Expy 79 Room Hotel Oklahoma City, OK 73112 $5,500,000 ($69,620/Room)
INVESTMENT HIGHLIGHTS
- 79 Unit, 10 Story Interior Corridor Hotel with Outdoor Pool
- Fully Renovated with PIP Completed in September 2022
- Large Parking Lot with Ample Parking for Bus/Truck Parking
- Trailing Twelve Month Revenue through August: $1,316,125.98 and Increasing since PIP Completion
- Asking $69k/key for Turnkey Property
- Excellent Location in the Heart of Oklahoma City, OK near Downtown and across the Street from INTEGRIS Health Baptist Medical Center
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $5,500,000 | Building Size | 39,492 SF |
| Price Per Room | $69,620 | No. Rooms | 79 |
| Sale Type | Investment | No. Stories | 10 |
| Property Type | Hospitality | Year Built/Renovated | 1967/2001 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 2/1,000 SF |
| Lot Size | 1.50 AC | Corridor | Interior |
| Zoning | C-3 | ||
| Price | $5,500,000 |
| Price Per Room | $69,620 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.50 AC |
| Building Size | 39,492 SF |
| No. Rooms | 79 |
| No. Stories | 10 |
| Year Built/Renovated | 1967/2001 |
| Tenancy | Single |
| Parking Ratio | 2/1,000 SF |
| Corridor | Interior |
| Zoning | C-3 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Outdoor Pool
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 19 | $99.00 | - |
| Guest Room | 60 | $81.00 | - |
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PROPERTY TAXES
| Parcel Number | 147012000 | Improvements Assessment | $357,156 |
| Land Assessment | $18,219 | Total Assessment | $375,375 |
PROPERTY TAXES
Parcel Number
147012000
Land Assessment
$18,219
Improvements Assessment
$357,156
Total Assessment
$375,375
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Country Inn & Suites by Radisson | 3141 Northwest Expy
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