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.