Red Roof Inn OK Airport I-40 West Fairgrounds & Super… — Sale in Oklahoma City, OK
- Price: Contact for price
- Listing type: For sale
- Asset type: Hospitality Business
- Location: Oklahoma City, OK 73108
- Year built: 1978
Photos
Investment Figures
- Cap rate
- 21.50%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Red Roof Inn Oklahoma Airport – I-40 W/Fairgrounds located at 309 South Meridian Avenue and the Super 8 by Wyndham Oklahoma Airport Fairgrounds West (collectively, the "Hotels" or "Properties") located at 311 South Meridian Avenue in Oklahoma City, Oklahoma. The Properties are being offered as a single portfolio and must be purchased together as part of one transaction. The Hotel portfolio is offered at $5,200,000 or $31,707 per key. The portfolio consists of the 91-room Red Roof Inn situated on approximately 2.24 acres totaling 44,244 square feet, and the 73-room Super 8 by Wyndham situated on approximately 2.91 acres totaling 73,786 square feet, for a combined total of 164 guest rooms. Both two-story assets were originally constructed in 1978, with the Red Roof Inn completing renovations in 2015. The Red Roof Inn includes a business center, paid RediClean laundry facility, vending machines, and pet-friendly accommodations, while guestrooms feature flat-screen TVs, microwaves, mini-refrigerators, and suites with sofa beds. The Super 8 offers a business center, on-site parking, guest laundry, and pet-friendly accommodations. Additionally, the Properties feature a combined 202 parking spaces, supporting airport, transient, and group related demand. Strategically positioned just off Interstate 40 near Will Rogers International Airport, the Properties benefit from a wide variety of nearby demand generators. Major attractions include Hurricane Harbor Oklahoma City, OKC Fair Park, Bennett Event Center, Myriad Botanical Gardens, Oklahoma City National Memorial & Museum, and the Oklahoma City Convention Center, which collectively support strong tourism and event-driven occupancy. The Properties also benefit from proximity to Oklahoma State University – Oklahoma City, nearby universities, and major healthcare institutions including INTEGRIS Health Sout
Market Context
This hospitality in Oklahoma City, OK is listed for sale. It is offered at an approximate 21.5% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1978. Compare it against other hospitality listings for sale in Oklahoma City, OK — view the full market.
Contact
- Hussain Shaik · (972) 755-5262 · hussain.shaik@marcusmillichap.com
- Skyler Cooper · (972) 755-5291 · skyler.cooper@marcusmillichap.com
- Chris Gomes · (972) 755-5302 · chris.gomes@marcusmillichap.com
- Allan Miller · (512) 338-7831 · allan.miller@marcusmillichap.com
- Tim Speck · (918) 294-6300
- Pete Fehlman · (469) 364-6540 · pete.fehlman@marcusmillichap.com
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