This Property is no longer advertised on Showcase.com.
Off Market
1/18

2700 W Broadway St
Ardmore, OK 73401


HIGHLIGHTS

  • Trailing 12 months room revenue is $1.07MM. The Hotel is projected to make over $1.12MM in 2023.
  • The hotel has excellent visibility and easy access of Interstate 35 and is perfect for repositioning, currently approved for Clarion Pointe by Choice.
  • The Hotel has great Upside Potential for a new owner/operator.
  • Available unencumbered of management agreement. The Hotel is currently operated by an on-site/full-time GM with no marketing or sales staff.
  • The Hotel is offered at $38,500/ key considerably below replacement cost in a productive market. A minimal new owner PIP is anticipated.
  • 2 acre tract of land located directly west of the hotel is available for purchase

OVERVIEW

The Econolodge in Ardmore Oklahoma was built in 1971 and is a well maintained, 2 story, 100 room, economy service hotel with all the rooms in perfect functional and rentable condition. The hotel features a room mix of 37 Standard Kings and 67 Standard Double Queens. There are 2 large and one small manager’s apartments on the second floor. Guests enjoy convenient amenities such as free high-speed Wi-Fi, hair dryer, microwave, and mini-refrigerator, 39 - 43” flat-screen TV’s with Direct TV premium cable and common amenities that include a fitness center and a large outdoor barbecue area. The hotel is located just off Interstate 35 which gives the hotel high accessibility and visibility from the highway and is within an 80 minute drive from Oklahoma City to the north and Texas to the south. The hotel is proximate to retail and eatery venues 2022 will be the hotels best year with a projected $1.125MM in Room Revenue.

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Ardmore

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

55000

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1971

PARKING SPACES

150

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C1

APN/PARCEL ID

0500-00-001-002-0-001-00