For Sale
$3,000,000

5200 Classen CirOklahoma City, OK 73118

55-Room Hotel, Garner/Spark Conversion

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 55-key, four-story interior corridor hotel in Northwest Oklahoma City, Oklahoma. Currently operating as a Sleep Inn & Suites, this property, built in 2006, sits on a 0.96-acre lot (APN: 05-885-7350) and offers significant upside potential through conversion to either Garner by IHG or Spark by Hilton. The hotel boasts an indoor pool and is strategically located near major attractions, including the Oklahoma City Zoo and National Memorial Museum, as well as business hubs and healthcare facilities. With an occupancy rate currently below market average (35% compared to a 49% comp set), this property presents a compelling opportunity for an owner seeking high returns. Oklahoma City's robust growth (12.5% over the past 10 years) and its ranking as a top city for low cost of living further enhance the investment appeal. The asking price is $3,000,000. This property is ideally suited for conversion to a midscale or premium economy brand, offering a strong value proposition for investors. Detailed conversion requirements are available upon request. The property's address is 5200 Classen Cir, Oklahoma City, OK 73118. Offers are encouraged.

Highlights

  • 55-unit hotel.
  • Four-story interior corridor hotel with indoor pool.
  • Excellent conversion opportunity to midscale/premium economy brands like Garner by IHG or Spark by Hilton.
  • Currently underperforming with 33.3% occupancy, compared to a 49% comp set average.
  • I-44 location in Oklahoma City.
  • Ideal for Garner by IHG, with broker price improvement plan (PIP) available.

Property Details for 5200 Classen Cir

Property type
Hospitality properties, Hotels
Buildings
1
Stories
4
Lot Size (sq. ft)
41,818 SF

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.523447806932
Longitude
-97.532140476971
5200 Classen Cir, Oklahoma City, Oklahoma

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5200 Classen Cir
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