Strong-Performing Asset, Ideal for Hands-On Investor

• The hotel’s historic, three-year-average rooms revenue equates to approximately $927,000 (rounded).

• The hotel has consistently outperformed its competitive set in RevPAR, with an index above 130.0% (July 2024 TTM).

• With consistent performance across multiple years, a new investor can step into an established revenue stream, with an opportunity to grow revenue through strategic pricing and the completion of a change-of-ownership property improvement plan (PIP).

Excellent Location and Visibility off Interstate 35 near Strong Leisure & Corporate Demand Generators

• The Amazon Fulfillment Center is located approximately five miles from the property.

• BNSF, one of the largest freight railroad networks in North America, is located directly across from the street from the property and employs roughly 35,000 people. This railyard is one of the major hubs for the freight rail network.

• Approximately 4.4 million (rounded) passengers traveled through Will Rodgers World Airport (OKC) in 2023, with passenger volume nearly returning to its pre-pandemic 2019 level that year. In July 2024 alone, the airport handled over 5,000 takeoffs and landings.

• The nearby Crossroads Sports Complex hosts local and regional soccer and baseball/softball games.

Discount Pricing Compared to Replacement Cost

• The hotel asset is attractively priced at $34,065 per key, significantly below the cost of constructing a similar asset with comparable amenities.

• Based on the hotel’s trailing-twelve-month (TTM) rooms revenue of $906,929 through August 2024, the asset is priced at a rooms revenue multiplier (RRM) of 3.42x with an in-place capitalization rate of 10.0%.

Onsite Owner/Operator Apartments

• The property contains two owner/operator apartments:

  • Apartment 1: 3-bedroom, 2-bathroom unit with a kitchen (including pantry) and living room

  • Apartment 2: 1-bedroom, 2-bathroom unit with a kitchen and living room

Developments in Oklahoma City Fueling Revenue Growth Potential

• Oklahoma City is set to experience significant developments in the coming years, including the OKANA Resort & Indoor Waterpark.

  • Located along the Oklahoma River, less than eight miles from the property and near Downtown Oklahoma City, this $400-million tourist destination aims to drive continued economic growth in and around the Horizons District. The resort is under construction and scheduled to open in the spring of 2025.

• The Innovation District, encompassing 1.3 square miles just east of the downtown area, is poised for further growth with the construction of Innovation Hall. Set to open in early 2025, Innovation Hall is being designed as a hub for the diversified and highly skilled labor force in Oklahoma, offering a space for collaboration, learning, and connection.

• Bricktown, a prominent development area in Downtown OKC and home of the Oklahoma City Thunder basketball team, is also located less than eight miles from the property. Annually, Bricktown attracts between two and three million visitors who come to enjoy its restaurants, bars, shops, events, and entertainment, all within a short drive of the property.