Best Western TimberRidge
For Sale
Contact for pricing
Pending
120 West 18th Street, Grove, OK 74344
46-key hotel in Grove, Oklahoma near Grand Lake.
Property SizeContact for details
Days on Market169
Property Features for 120 West 18th Street
General Information
Standard status
Pending
Property subtype
Hospitality
Occupancy
73%
Investment Type
Stabilized
Net Operating Income
$574,000
Building Details
Year Built
1997
Year Renovated
2024
Stories
2
Listing Agency:
Marcus & Millichap - Oklahoma City
Listed By:
Tim Speck · License #149994
Source:
Crexi
Added: Mar 27
Changed: Sep 9
Last Checked: Sep 11 at 7:59AM
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 - Oklahoma City
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
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Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
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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
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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 West 18th Street 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%.
