3141 Expressway Oklahoma City, OK 73112
- Hospitality properties
- 1.50 lot acres
Current Use by Public Records
- Country Inn & Suites by Radisson, Oklahoma City at Northwest Expressway, OK / Hotel
Property Details for 3141 Expressway
- Year built
- 1967
- Lot size
- 1.50 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This 79-room, 10-story Country Inn & Suites by Radisson hotel in Oklahoma City offers a compelling investment opportunity. Completely renovated in September 2022, the property boasts updated guest rooms, public areas, a new breakfast area, and new fire and security systems. The hotel features a 1,600 square foot meeting room, accommodating up to 100 guests, along with a fitness center, complimentary hot breakfast, banquet facilities, and an outdoor pool. Its prime location in Northwest Oklahoma City, across from INTEGRIS Health Baptist Medical Center and near Interstate 44, ensures strong occupancy. The hotel benefits from proximity to downtown Oklahoma City, the Oklahoma City National Memorial Museum, and Bricktown. With a 1.5-acre lot and ample parking, including space for buses and trucks, this turnkey property offers significant upside potential. The trailing twelve-month room revenue (July 2024) was $1,228,537, and revenue is increasing since the completion of the Property Improvement Plan (PIP). The asking price is $5,250,000, representing approximately $66,000 per key. Built in 1967, this interior corridor hotel is situated in a thriving area with numerous job opportunities and boasts a low cost of living location. This property presents a rare chance to acquire a well-maintained, high-performing hotel in a rapidly growing market. The property's address is 3141 Northwest Expy, Oklahoma City, OK 73112. The APN is 14-701-2000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.5711
- Latitude
- 35.5294
