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315 N Husband St
Stillwater, OK 74075
Best Western Plus Cimarron Hotel & Suites · Hospitality Property For Sale
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76 Rooms
Investment Highlights
- Brands have expressed formal conversion interest and have submitted formal PIPs, guidance on Key Money, including Hilton, Marriott and Hyatt.
- The property recently completed a comprehensive renovation. The hotel is in excellent condition with minimal capital improvements needed.
- The BW Plus is strategically positioned adjacent to OSU, Google’s $3B AI Data Center, and the USA Rare Earth Refinery.
Executive Summary
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the institutionally-owned and managed Best Western Plus Cimarron Hotel & Suites in Stillwater, Oklahoma. The hotel is located near a rich array of both corporate and leisure demand drivers, including Oklahoma State University, Google’s $3B AI Data Center, USA Rare Earth Refinery, Eskimo Joe’s, the National Wrestling Hall of Fame, and Gallagher-Iba Arena. This offering represents an exceptional opportunity to acquire a strategically located, cash-flowing and recently renovated hotel in a thriving and fast-growing market, available unencumbered of debt and management.
Property Facts
| Sale Type | Investment | No. Rooms | 76 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2008/2019 |
| Building Class | B | Parking Ratio | 1.7/1,000 SF |
| Lot Size | 1.43 AC | Corridor | Interior |
| Building Size | 63,576 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.43 AC |
| Building Size | 63,576 SF |
| No. Rooms | 76 |
| No. Stories | 4 |
| Year Built/Renovated | 2008/2019 |
| Parking Ratio | 1.7/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 12 | $179.00 | - |
| Guest Room | 64 | $125.00 | - |
Property Taxes
| Parcel Number | 600018548 | Improvements Assessment | $566,634 |
| Land Assessment | $45,329 | Total Assessment | $611,963 |
Property Taxes
Parcel Number
600018548
Land Assessment
$45,329
Improvements Assessment
$566,634
Total Assessment
$611,963
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