Share This Listing

Message

924 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Country Inn & Suites by Radisson 3141 Northwest Expy 79 Room Hotel Oklahoma City, OK 73112 $7,584,115 CAD ($96,001 CAD/Room)

Save this listing!

Favourite this listing to get notified of price updates, new media and more

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.

PROPERTY FACTS

Price $7,584,115 CAD
Price Per Room $96,001 CAD
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 $136.51 CAD -
Guest Room 60 $111.69 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
147012000
Land Assessment
$25,586 CAD
Improvements Assessment
$501,572 CAD
Total Assessment
$527,158 CAD
  • Listing ID: 32788834

  • Date on Market: 2024-08-13

  • Last Updated:

  • Address: 3141 Northwest Expy, Oklahoma City, OK 73112

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}