Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Plus Memorial Inn & Suites, a three-story interior corridor hotel located in Oklahoma City, Oklahoma. The hotel's 60 guest rooms include a 42-inch flatscreen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include a heated indoor pool, meeting space, business center, fitness center, complimentary breakfast and guest laundry facilities. The property is ideally located 10 miles north of Downtown Oklahoma City and a short drive from several attractions. Nearby attractions include Blue Zoo Aquarium, Six Flags Frontier City and Myriad Botanical Gardens, among others. Also nearby is Bricktown, a lively entertainment district featuring restaurants, piano lounges and chic wine bars. An eclectic mix of shops sell clothing, home decor and specialty food items like gourmet condiments and handmade chocolate. The Bricktown Water Taxi takes riders along the Bricktown Canal for tours and dinner cruises. As of March 2023, current ownership is renovating the bathrooms. The market is host to several museums and sporting venues, including the USA Softball Hall of Fame Complex (home to the Women's College World Series), Energy FC Field at Taft Stadium (home to USL Energy FC), Chickasaw Bricktown Ballpark (home to MiLB Dodgers) and Paycom Center (home to NBA Thunder). The Best Western Plus Memorial Inn & Suites represents the opportunity to acquire a franchised hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Oklahoma City region.