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Hotel-Motel

Best Western Plus Saddleback Inn & Conference Center

4300 SW 3rd St, Oklahoma City, OK 73108

Listing Price: $9,100,000

Cap Rate
8.90%
Number of Rooms
220
RevPAR
$44
Gross SF
101,460
Price/Room
$41,364
RRM
2.60
Price/Gross SF
$89.69
Year Built
1984

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Plus Saddleback Inn & Conference Center, a three-story full service hotel that has been awarded the Best Western Champion Design Award. The hotel consists of 220 exterior corridor rooms with close proximity to multiple main thoroughfares within the Oklahoma City market. Amenities include an on-site restaurant and lounge, a heated outdoor pool, fitness center, sauna, complimentary breakfast buffet and guest laundry facilities. Business amenities include a business center, catering/wedding services and 7,755 square feet of meeting/event space. An owner's executive suite is included. The Best Western Plus Saddleback Inn & Conference Center represents the opportunity to acquire a popular branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes continued modest RevPAR growth over the next several years supported by the increasing population and demand growth in the Oklahoma City region.

Investment Highlights

  • Three-Story Franchised Hotel | $2M Renovation Completed in 2017
  • Awarded the Best Western Champion Design Award
  • Priced to Sell at $41k Per Key
  • Management Upside Opportunity
  • Excellent Location and Digital Signage Along Interstate 40 (Busiest Traffic in All of Oklahoma)
  • 4 Miles to Will Rogers International Airport
  • Nearby Attractions Include Hurricane Harbor Oklahoma City, OKC Fairgrounds, Myriad Botanical Gardens and Several Museums & Professional Sporting Venues
  • Tens of Newly Completed and Under Construction Developments in the Area

Exclusively Listed By

  • Gordon Allred

    Senior Managing Director Investments

    (909) 456-3420

    Email Gordon

    License(s): CA: 00927200, NV: BS.0146254

    Inland Empire

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Hotel-Motel

Best Western Plus Saddleback Inn & Conference Center

Listing Price: $9,100,000

Cap Rate
8.90%
Number of Rooms
220
RevPAR
$44
Gross SF
101,460
Price/Room
$41,364
RRM
2.60
Price/Gross SF
$89.69
Year Built
1984

Investment Highlights

  • Three-Story Franchised Hotel | $2M Renovation Completed in 2017
  • Awarded the Best Western Champion Design Award
  • Priced to Sell at $41k Per Key
  • Management Upside Opportunity
  • Excellent Location and Digital Signage Along Interstate 40 (Busiest Traffic in All of Oklahoma)
  • 4 Miles to Will Rogers International Airport
  • Nearby Attractions Include Hurricane Harbor Oklahoma City, OKC Fairgrounds, Myriad Botanical Gardens and Several Museums & Professional Sporting Venues
  • Tens of Newly Completed and Under Construction Developments in the Area

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Plus Saddleback Inn & Conference Center, a three-story full service hotel that has been awarded the Best Western Champion Design Award. The hotel consists of 220 exterior corridor rooms with close proximity to multiple main thoroughfares within the Oklahoma City market. Amenities include an on-site restaurant and lounge, a heated outdoor pool, fitness center, sauna, complimentary breakfast buffet and guest laundry facilities. Business amenities include a business center, catering/wedding services and 7,755 square feet of meeting/event space. An owner's executive suite is included. The Best Western Plus Saddleback Inn & Conference Center represents the opportunity to acquire a popular branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes continued modest RevPAR growth over the next several years supported by the increasing population and demand growth in the Oklahoma City region.

Exclusively Listed By

  • Gordon Allred

    Senior Managing Director Investments

    (909) 456-3420

    Email Gordon

    License(s): CA: 00927200, NV: BS.0146254

    Inland Empire

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

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