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120 W 18th St Grove, OK 74344

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46-key hotel in Grove, Oklahoma near Grand Lake.

Type:Hospitality
Added:
Feb 19, 2026
Days on Market:
46
Last Refresh:
Mar 17 at 1:16 pm

Property Features for 120 W 18th St

General Information

Standard status
Active
Property subtype
Hospitality

Building Details

Year Built
1997

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Listing Contact
Michael Knall

Listing agent Michael Knall License #AZ SA690247000

Listing office Marcus & Millichap - Phoenix

Listing date Feb 19, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Phoenix


Overview

Best Western TimberRidge Inn

The Best Western TimberRidge Inn is a 46-key, midscale hotel located in Grove, Oklahoma, which serves as the primary lodging market for Grand Lake O’ the Cherokees. The property has demonstrated strong historical performance with growing cash flow and solid operating margins, supported by diversified demand from both leisure and year-round business travel. As one of only two branded hotels in Grove, the property benefits from high barriers to entry and consistent transient, group, and seasonal demand. Grove functions as the commercial, healthcare, and tourism hub for the Grand Lake region, generating traffic from boating, fishing tournaments, festivals, casino gaming, manufacturing, and medical services. A brand-new 51,000 SF Wolf Creek Park & Event Center, opened in February 2026, is expected to further elevate group demand through conventions, trade shows, weddings, and concerts.
Location Intelligence

Current Use by Public Records

Best Western TimberRidge ... Hotel & Motel DDay Hotel Hotel & Motel

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Grove
County
Delaware
State
Oklahoma
Longitude
-94.770543
Latitude
36.578063

FAQs

What type of property is this?
Hotel - 46-key hotel in Grove, Oklahoma near Grand Lake.
Where is this hotel located?
The property is located at 120 W 18th St Grove, OK.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Strong historical financial performance with growing cash flow and solid operating margins (34% margin, $469K TTM NOI).; High barriers to entry as one of only two branded hotels in Grove, ensuring consistent demand.; Projected high cash‑on‑cash returns (near 19% Year 1, expanding to 27%+ by Year 5) and a levered IRR above 38%.
More about this property
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