312-248-9716
1111 E I 240 Service Rd, Oklahoma City, OK for Sale
Hospitality - FOR SALE
1/22
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1111 E I 240 Service Rd
Oklahoma City, OK 73149
E South Oklahoma City


HIGHLIGHTS

  • Surrounded by established businesses, dining, and amenities that drive customer engagement.
  • Quick connections to I-35, I-40, and Will Rogers Airport for regional and national reach.
  • Direct frontage on I-240 Service Road with excellent visibility for branding and signage.
  • Perfect for investors or operators looking to capitalize on Oklahoma City’s growing hospitality market

OVERVIEW

Opportunity Leasehold interest in the institutionally owned and third-party managed 90-room Residence Inn Oklahoma City South Offered at a significant discount to replacement cost Available unencumbered of debt and management Ability to retain the Residence Inn flag for a new long-term franchise agreement, subject to completion of the change-of-ownership PIP and franchise approval Opportunity to enhance performance and further penetrate the comp set through targeted operational and capital improvements Location Ideally located directly off Interstate 240, providing immediate access to I-35, I-44, and Will Rogers World Airport, which serves more than 4.6 million passengers annually and underwent an $87 million terminal expansion Proximate to major corporate and government demand, including Tinker Air Force Base, Devon Energy Corporation, Boeing, and Expand Energy Corporation Convenient to leading leisure and entertainment attractions, including the Paycom Center, Bricktown Entertainment District, and Oklahoma City Zoo, which welcomes over 1 million visitors annually Positioned within minutes of INTEGRIS Health, OU Health, and other regional medical centers employing more than 20,000 healthcare professionals across the metro area Centrally located near downtown Oklahoma City and major corporate parks, within a 1.4 million–resident MSA experiencing steady population growth and ongoing economic expansion Market Summary The $400 million OKANA Resort & Indoor Waterpark, developed by the Chickasaw Nation next to the First Americans Museum, opened in early 2025. The project features a 404-room hotel, 100,000 SF indoor waterpark, retail, and dining, strengthening Oklahoma City’s position as a premier regional leisure destination The $1.1 billion MAPS 4 Civic Improvement Program, one of the largest public initiatives in city history, is driving major investment across Oklahoma City, including the expansion of the Oklahoma City Innovation District and development of a new $900 million downtown arena for the Oklahoma City Thunder

FOR SALE DETAILS

PRICE

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# OF ROOMS

90

CAP RATE

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TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residence Inn Oklahoma City South

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

97

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,446 SF

ZONING

COM

APN/PARCEL ID

132165033

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Jacki BubisParamount Lodging AdvisorsMore Info
312-248-9716

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Jacki BubisParamount Lodging AdvisorsMore Info
312-248-9716

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.