1225 Ea Owen K Garriott Rd - Hospitality FOR SALE


Enid, OK 73701
$7,999,000 USD
405-810-1414
1225 Ea Owen K Garriott Rd, Enid, OK for Sale
$7,999,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

1225 Ea Owen K Garriott Rd
Enid, OK 73701


HIGHLIGHTS

  • Only Franchised Extended Stay Hotel in the Market
  • Excellent Performance | $2.2M YE 2025 Room Revenue
  • Prime Location Near All Major Demand Generators
  • Realistic Pricing and Motivated Seller | 3.6X Room Revenue
  • High-Traffic Trade Area with Strong Regional Draw

OVERVIEW

Highlights: • Only Franchised Extended Stay Hotel in the Market • Excellent Performance | $2.2M YE 2025 Room Revenue • Prime Location Near All Major Demand Generators • Realistic Pricing and Motivated Seller | 3.6X Room Revenue • High-Traffic Trade Area with Strong Regional Draw The Candlewood is the premier extended stay hotel within the Enid market and one of the most successful properties in the NW quadrant of the entire state of Oklahoma. Extended stay remains the most profitable and consistent segment in hospitality investment. Built with typical brand amenities including full kitchens, fitness center, guest laundry, outdoor entertainment area, and market, the 81 room all kitchenette hotel would benefit from a more focused ownership and management group.  Constructed in 2016, the hotel will have a moderate IHG change of ownership PIP required for a new purchaser but is in overall very good condition. Candlewood Suites offers excellent visibility from US Highway 412 (Owen K. Garriott Rd) and easy access to Enid’s key demand generators. The hotel benefits from its close proximity to major local demand drivers, including Vance Air Force Base — one of the U.S. Air Force’s premier pilot training installations located directly south of the hotel — which supports a significant military and civilian workforce in the region. In addition, Enid is home to one of the largest nitrogen fertilizer production facilities in the country. Owned by Koch Nitrogen, the facility just underwent a significant expansion, including a reported $1.3B modernization project, reinforcing its role as a key industrial employer and economic engine for Garfield County. Other key demand generators in the immediate area include Tyson, RENEW Energy, and the Stride Bank Regional Convention Center amongst others. The owner is pursuing all realistic offers.

FOR SALE DETAILS

PRICE

$7,999,000 USD

PRICE/SF

$172 USD /SF

# OF ROOMS

81

PRICE/ROOM

$98,753 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood Suites Enid

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

49.27 AC

LAND SF

2,146,201 SF

ZONING

CS

APN/PARCEL ID

0000-17-22N-06W-1-300-00

ASK ABOUT THIS PROPERTY

Peter HolmesHotelBrokerOneMore Info
405-810-1414

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Peter HolmesHotelBrokerOneMore Info
405-810-1414

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