2101 S Meridian Ave - Hospitality FOR SALE


Oklahoma City, OK 73108- W South Oklahoma City
$6,500,000 USD
818-851-3314
2101 S Meridian Ave, Oklahoma City, OK for Sale
$6,500,000 USD
Hospitality - FOR SALE
1/55
null | Request Cap Rate

2101 S Meridian Ave
Oklahoma City, OK 73108
W South Oklahoma City


HIGHLIGHTS

  • Full-service Wyndham Garden hotel with 244 rooms and interior corridors.
  • Prime location just three miles from Will Rogers International Airport and near I-44 and I-40.
  • Underperforming at 51% of competitive set RevPAR, creating strong upside potential, Asking $26.6k/Key
  • Extensive meeting and event space, including a grand ballroom for up to 350 guests.
  • Oklahoma City ranked #1 for lowest cost of living among large U.S. cities and growing rapidly.
  • Offered at an attractive $23,700 per key with multiple repositioning options.

OVERVIEW

This offering presents a rare opportunity to acquire a full-service Wyndham Garden hotel strategically located just three miles from Will Rogers International Airport in Oklahoma City. The property features 244 rooms, an indoor pool, on-site restaurant, and extensive meeting and event facilities, including an 1,800-square-foot atrium and a grand ballroom accommodating up to 350 guests. With total revenues of $2.05 million in 2022 and $2.13 million in 2023, the asset is currently underperforming at 51% of the RevPAR for its competitive set, creating significant upside potential for an experienced operator. The hotel benefits from a prime location near Interstate 44 and Interstate 40, providing excellent regional connectivity. Oklahoma City is the state’s most populous city with over 649,000 residents and has experienced 12.5% population growth over the past decade. Ranked as the number one large city for lowest cost of living by C2ER, OKC offers a favorable business climate and diverse demand generators, including major corporate offices, cultural attractions, and the recently expanded Will Rogers World Airport. Currently, 146 rooms remain active in Wyndham’s PMS, while 98 rooms have been taken offline to reduce costs, presenting an opportunity for repositioning or dual-branding. The absentee ownership structure and underutilized banquet facilities further enhance the value-add potential. Offered at $23,700 per key, this property is well-positioned for investors seeking a high-upside hospitality asset in a growing market.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$47 USD /SF

# OF ROOMS

146

PRICE/ROOM

$44,521 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wyndham Garden Oklahoma City Conference Ctr

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1982

PARKING SPACES

346

LAND DETAILS

LAND ACRES

5.6 AC

LAND SF

243,936 SF

ZONING

I-1

APN/PARCEL ID

148801000

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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