Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the La Quinta and Hawthorn by Wyndham Ardmore (‘Hotel’ or ‘Property’) located in Ardmore, Oklahoma. The Wyndham Hotels & Resorts dual-branded Hotel is offered at $6,700,000 or $83,750 per key. The La Quinta and Hawthorn by Wyndham Ardmore is a four-story hotel with 80 rooms, located at 2602 Rina Park Road in Ardmore, Oklahoma. The hotel is easily accessible off Interstate 35, which runs north and south through the west side of Ardmore, serving as a major shipping artery for goods headed toward the Canadian and Mexican borders. Amenities at the property include EV charging stations, outdoor pool, fitness center, business center, on-site guest laundry, sundries mart, barbecue grills, and bus/truck parking. Ardmore, located in the southern part of the state, serves as a key regional economic hub with a diverse economy spanning manufacturing, energy, agriculture, and retail. Its strategic location offers excellent access to major cities and destinations, making it a central point for travelers. Ardmore is approximately 90 miles from Oklahoma City, 100 miles from Dallas, and about 110 miles from Fort Worth. Ardmore's location north of Dallas makes it a strategic geographic point for the distribution operations of Best Buy, Dollar Tree, and Dollar General. The economy of Ardmore is robust and diversified, supported by significant employers near the hotel. Key contributors include the Valero Ardmore Refinery (3.8 miles), operated by Valero Energy Corporation, which employs approximately 280 people and processes 90,000 barrels of oil per day; the Noble Research Institute, LLC (4.9 miles), a nonprofit agricultural research organization; Dollar General Distribution (15.2 miles), with 1,076 employees; and Best Buy’s regional distribution center (2.0 miles). Mercy Hospital Ardmore (1.6 miles) supports the community with nearly 1,100 staff, including about 100 physicians, and offers 190 licensed beds. The hotel is also close to several high-traffic demand generators. The Ardmore Convention Center (0.7 miles) offers 54,000 square feet of event space for various gatherings. Ardmore Regional Park (1.3 miles) is a popular venue for local events. The Greater Southwest Historical Museum (2.1 miles) provides cultural enrichment, while Lake Murray State Park (6.9 miles) attracts 1.7 million visitors annually as the largest and most visited state park in Oklahoma. Gold Mountain Casino (3.5 miles) offers over 300 electronic gaming machines, and Ardmore Dragway (8.3 miles) hosts major racing events. The Winstar World Casino (30.7 miles) in Thackerville is the world’s largest casino, with a 400,000-square-foot gaming floor. The proximity to these attractions ensures a steady flow of potential guests, making Ardmore an ideal location for a profitable hospitality investment. Originally constructed in 2009 as a Candlewood Suites, this property underwent a significant transformation in 2021 when the current ownership invested over $1.3 million to convert it into a Wyndham Hotels & Resorts dual-branded hotel. Since the conversion, the hotel has performed consistently, matching the competitive set's performance and positioning itself to capitalize on future market demand. With recent renovations and established operational success, this property offers a turnkey opportunity for investors looking to tap into a growing market.