OUR ASSET:ECONOMY HOTEL PLUS+ OKC
ASKING PRICE: $2,800,000
ABOUT THE ASSET
The Economy Hotel Plus+ in Oklahoma City offers a substantial investment opportunity with 100 guestrooms spread across two buildings. Built in 1984 and renovated in 2021, this three-story property spans 27,189 square feet on a 2.69-acre lot. It is being sold unencumbered by management and debt, providing immediate in-place cash flow and significant potential for operational enhancements.
STRATEGIC LOCATION
Situated in Oklahoma City, a vibrant metropolitan area known for its growing economy, diverse attractions, and strong demand for affordable lodging.MODERN RENOVATIONS
Built in 1984 and renovated in 2021, the property features updated amenities, reducing the need for immediate capital expenditures.IMMEDIATE CASHFLOW
Provides strong in-place cash flow with opportunities for revenue growth through strategic management and operational improvements.ABOUT THE HOTEL
- Flexibility for New Ownership: Fully unencumbered by existing management and debt, allowing new owners to implement tailored operational strategies.
- Attractive Acquisition Cost: Offered at a significant discount to replacement cost, providing an immediate competitive advantage and value.
- Spacious Property: Encompasses two buildings on a 2.69-acre lot, offering ample space for future enhancements or expansions.
- Fee Simple Ownership: Full ownership rights, ensuring long-term stability and control over the property.