3141 ExpresswayOklahoma City, OK 73112

For Sale
$5,250,000
79-Room Hotel, Prime Location, High Revenue

Overview

Added:
Dec 11, 2024
Days on market:
126
This 79-room, 10-story Country Inn & Suites by Radisson hotel in Oklahoma City offers a compelling investment opportunity. Completely renovated in September 2022, the property boasts updated guest rooms, public areas, a new breakfast area, and new fire and security systems. The hotel features a 1,600 square foot meeting room, accommodating up to 100 guests, along with a fitness center, complimentary hot breakfast, banquet facilities, and an outdoor pool. Its prime location in Northwest Oklahoma City, across from INTEGRIS Health Baptist Medical Center and near Interstate 44, ensures strong occupancy. The hotel benefits from proximity to downtown Oklahoma City, the Oklahoma City National Memorial Museum, and Bricktown. With a 1.5-acre lot and ample parking, including space for buses and trucks, this turnkey property offers significant upside potential. The trailing twelve-month room revenue (July 2024) was $1,228,537, and revenue is increasing since the completion of the Property Improvement Plan (PIP). The asking price is $5,250,000, representing approximately $66,000 per key. Built in 1967, this interior corridor hotel is situated in a thriving area with numerous job opportunities and boasts a low cost of living location. This property presents a rare chance to acquire a well-maintained, high-performing hotel in a rapidly growing market. The property's address is 3141 Northwest Expy, Oklahoma City, OK 73112. The APN is 14-701-2000.

Highlights

  • 79-unit hotel.
  • 10-story interior corridor hotel with outdoor pool.
  • $1,228,537 trailing twelve-month room revenue (July 2024), increasing post-PIP.
  • Fully renovated in September 2022.
  • $66,000 per key asking price; turnkey property.
  • Large parking lot with bus and truck parking.

Property Details for 3141 Expressway

Property type
Hospitality properties, Hotels
Year Built
1967
Buildings
1
Stories
10
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.529444970438
Longitude
-97.571119188613
3141 Expressway, Oklahoma City, Oklahoma

FAQs

What type of property is this?
Hospitality property - 79-Room Hotel, Prime Location, High Revenue
Where is the hospitality property located?
The property is located at 3141 Expressway Oklahoma City, OK.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 79-unit hotel.; 10-story interior corridor hotel with outdoor pool.; $1,228,537 trailing twelve-month room revenue (July 2024), increasing post-PIP.
How can I contact the broker?
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3141 Expressway
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