For Sale
$3,100,000

8217 I-35 Service Rd Oklahoma City, OK 73149

91-key hotel, strong revenue, below replacement cost.

Overview

Added:
Dec 11, 2024
Days on market:
127

Highlights

  • Strong-performing hotel with approximately $927,000 in three-year average rooms revenue.
  • Consistently outperforms competitors with a RevPAR index above 130% (July 2024 TTM).
  • Established revenue stream offers opportunity for revenue growth through strategic pricing and a PIP.
  • Excellent location near Interstate 35, Amazon Fulfillment Center, and BNSF Railway.
  • High visibility due to proximity to Will Rogers World Airport (4.4 million passengers in 2023) and Crossroads Sports Complex.
  • Attractively priced at $34,065 per key, significantly below replacement cost, with a 3.42x RRM and 10.0% cap rate (based on August 2024 TTM rooms revenue).

Property Details for 8217 I-35 Service Rd

Property type
Hospitality properties, Hotels
Square Feet
34,008 SF
Year Built
1984
Buildings
2
Stories
3

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.384515325704
Longitude
-97.495617406525
8217 I-35 Service Rd, Oklahoma City, Oklahoma
Leaflet | © OpenStreetMap contributors

FAQs

What type of property is this?
Hospitality property - 91-key hotel, strong revenue, below replacement cost.
Where is the hospitality property located?
The property is located at 8217 I-35 Service Rd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Strong-performing hotel with approximately $927,000 in three-year average rooms revenue.; Consistently outperforms competitors with a RevPAR index above 130% (July 2024 TTM).; Established revenue stream offers opportunity for revenue growth through strategic pricing and a PIP.
How can I contact the broker?
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8217 I-35 Service Rd
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