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Hotel-Motel

Best Western TimberRidge Inn

120 W 18th St, Grove, OK 74344

Listing Price: $4,700,000

Cap Rate
12.10%
Number of Rooms
46
RevPAR
$87
Gross SF
23,400
Price/Room
$102,174
RRM
3.10
Price/Gross SF
$200.85
Year Built
1997

Investment Overview

The Best Western TimberRidge Inn represents a rare opportunity to acquire a high
yield hospitality asset positioned at the center of one of the most dominant
outdoor recreation markets in the Central United States. Located in Grove,
Oklahoma-the primary commercial and lodging hub for Grand Lake O’ the
Cherokees-the property captures demand from a destination that attracts
approximately 1.8 million visitors annually for boating, camping, fishing
tournaments, festivals, and lake driven leisure travel. Grand Lake is consistently
recognized as one of the top bass fishing destinations in the country, hosting
national and professional tournaments that generate market wide sell outs and
premium seasonal rates.

Unlike resort markets dominated by short term rentals and seasonal cabins, Grove
functions as the year round service and lodging anchor for the entire lake region.
The local hotel supply remains severely constrained, consisting largely of aging
independent motels and rustic accommodations that are ill suited to meet modern
traveler expectations. As one of only two branded hotels in the market, the Best
Western TimberRidge Inn benefits from a significant competitive moat, capturing
both high spending leisure travelers and repeat corporate, healthcare, and event
driven demand tied to the lake economy and surrounding infrastructure.

Operationally, the asset has fully transitioned from a renovation story to a proven
cash flowing investment. With approximately $1.47 million in T12 revenue and
$574,000 in NOI, the hotel delivers an in place yield of roughly 12 percent,
supported by sustained STR outperformance with a 140+ RevPAR Index. The
property has earned Best Western’s prestigious M.K. Guertin Award for the 6th
time, qualifies for automatic franchise transfer with no change of ownership PIP,
and features amenities uniquely aligned with the market, including boat and
trailer parking, RV friendly access, and outdoor leisure infrastructure. Combined
with future expansion potential on its oversized site, the TimberRidge Inn offers
immediate yield, limited risk, and long term upside in a nationally recognized
outdoor destination that is experiencing massive growth demand

Investment Highlights

  • Grand Lake is #1 Outdoor Leisure Destination in Oklahoma (1.8M+ visitors) Boating, Camping & Fishing - Host of 150+ National Fishing Tournaments Yearly
  • 12% In-Place Cap Rate | $574K NOI $1.47M T12 Revenue which is up another $100K YOY
  • Severely Underserved Lodging Market One of Only Two Branded Hotels in Grove (Days Inn)
  • No Change-of-Ownership PIP | Best Western Auto-Transfer Six Time M.K. Guertin Award - BW's Most Prestigious Award
  • Market-Leading Performance | 140+ RevPAR Index Above-Market ADR & Occupancy with current staff of 15+ years
  • Expansion & Upside Optionality on Oversized Site Ability to Add 15 Rooms or Extended-Stay Units

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Hotel-Motel

Best Western TimberRidge Inn

Listing Price: $4,700,000

Cap Rate
12.10%
Number of Rooms
46
RevPAR
$87
Gross SF
23,400
Price/Room
$102,174
RRM
3.10
Price/Gross SF
$200.85
Year Built
1997

Investment Highlights

  • Grand Lake is #1 Outdoor Leisure Destination in Oklahoma (1.8M+ visitors) Boating, Camping & Fishing - Host of 150+ National Fishing Tournaments Yearly
  • 12% In-Place Cap Rate | $574K NOI $1.47M T12 Revenue which is up another $100K YOY
  • Severely Underserved Lodging Market One of Only Two Branded Hotels in Grove (Days Inn)
  • No Change-of-Ownership PIP | Best Western Auto-Transfer Six Time M.K. Guertin Award - BW's Most Prestigious Award
  • Market-Leading Performance | 140+ RevPAR Index Above-Market ADR & Occupancy with current staff of 15+ years
  • Expansion & Upside Optionality on Oversized Site Ability to Add 15 Rooms or Extended-Stay Units

Investment Overview

The Best Western TimberRidge Inn represents a rare opportunity to acquire a high yield hospitality asset positioned at the center of one of the most dominant outdoor recreation markets in the Central United States. Located in Grove, Oklahoma-the primary commercial and lodging hub for Grand Lake O’ the Cherokees-the property captures demand from a destination that attracts approximately 1.8 million visitors annually for boating, camping, fishing tournaments, festivals, and lake driven leisure travel. Grand Lake is consistently recognized as one of the top bass fishing destinations in the country, hosting national and professional tournaments that generate market wide sell outs and premium seasonal rates. Unlike resort markets dominated by short term rentals and seasonal cabins, Grove functions as the year round service and lodging anchor for the entire lake region. The local hotel supply remains severely constrained, consisting largely of aging independent motels and rustic accommodations that are ill suited to meet modern traveler expectations. As one of only two branded hotels in the market, the Best Western TimberRidge Inn benefits from a significant competitive moat, capturing both high spending leisure travelers and repeat corporate, healthcare, and event driven demand tied to the lake economy and surrounding infrastructure. Operationally, the asset has fully transitioned from a renovation story to a proven cash flowing investment. With approximately $1.47 million in T12 revenue and $574,000 in NOI, the hotel delivers an in place yield of roughly 12 percent, supported by sustained STR outperformance with a 140+ RevPAR Index. The property has earned Best Western’s prestigious M.K. Guertin Award for the 6th time, qualifies for automatic franchise transfer with no change of ownership PIP, and features amenities uniquely aligned with the market, including boat and trailer parking, RV friendly access, and outdoor leisure infrastructure. Combined with future expansion potential on its oversized site, the TimberRidge Inn offers immediate yield, limited risk, and long term upside in a nationally recognized outdoor destination that is experiencing massive growth demand

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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