This Hospitality Property is no longer advertised on LoopNet.com.

1301 W Memorial Rd
Oklahoma City, OK 73114

Best Western Plus Memorial Inn & Suites · Hospitality Property For Sale · 36,096 SF

Hotels Oklahoma Oklahoma City 1301 W Memorial Rd, Oklahoma City, OK 73114

INVESTMENT HIGHLIGHTS

  • The hotel presents an excellent opportunity for a buyer to acquire a stable and consistently performing asset with a definite operational upside.
  • Proximate to many demand generators like major hospitals, universities, and a 180-acre residential, retail, eatery, and entertainment hub.
  • For the 28-day period ending February 12th the hotel showed a 168.7 % index penetration in occupancy and a 153.8% index penetration in RevPAR.
  • The property fronts the John Kilpatrick Turn Pike and Memorial Road, supporting a traffic count of over 80,000 cars per day.
  • In 2021 the hotel showed an Occupancy, ADR and RevPAR at 79.1% (137.4% IP), $75.16 (98% IP) and $59.43 (134.5% IP), respectively.
  • The hotel is approved for auto transfer of the Best Western membership and offered unencumbered of management and any debt.

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.09 AC
Building Size 36,096 SF
No. Stories 3
Year Built/Renovated 2004/2015
Tenancy Single
Parking Ratio 1.66/1,000 SF
Corridor Interior

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

PROPERTY TAXES

Parcel Number 140316115 Improvements Assessment $250,179
Land Assessment $27,021 Total Assessment $277,200

ZONING

Zoning Code C-2
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  • Listing ID: 24761410

  • Date on Market: 1/4/2022

  • Last Updated:

  • Address: 1301 W Memorial Rd, Oklahoma City, OK 73114

More public record information on 1301 W Memorial Rd, Oklahoma City, OK 73114

The Hospitality Property at 1301 W Memorial Rd, Oklahoma City, OK 73114 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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