Best Western TimberRidge
For Sale
Contact for pricing
Pending
120 W 18th St, Grove, OK 74344
46-key hotel in Grove, Oklahoma near Grand Lake.
Property SizeContact for details
Days on Market194
Property Features for 120 W 18th St
General Information
Standard status
Pending
Property subtype
Hospitality
Investment Type
Stabilized
Building Details
Year Built
1997
Year Renovated
2024
Stories
2
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Michael Knall · License #AZ SA690247000
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 24 at 1:26PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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%.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 74344, OK
14,923
Population
8,523
Households
1.8
Avg Household Size
52
Median Age
25%
College-Educated
92%
High-School Grad
89.6 sq mi
ZIP Area
167
Density / Sq Mi
$56,644
Median Household Income
$32,391
Median Earnings
$902
Median Rent
$207,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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%.
