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Hotel-Motel

Hyatt Place Oklahoma City Northwest

1511 Northwest Expy, Oklahoma City, OK 73118

Listing Price: $5,250,000

Cap Rate
2.07%
Number of Rooms
79
RevPAR
$46
Gross SF
50,659
Price/Room
$66,456
RRM
3.95
Price/Gross SF
$103.63

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Hyatt Place Oklahoma City Northwest, a four-story select service hotel located in the northwest region of the desirable Oklahoma City market. The hotel consists of 79 well-appointed interior corridor rooms. Amenities include a lobby bar, indoor pool, fitness center and complimentary breakfast buffet. Business amenities include a business center and 900 square feet of meeting space. This property is conveniently located between Northwest Expressway and Interstate 44, near Penn Square Mall and the 20-acre mixed-use development
known as OAK.

The Hyatt Place Oklahoma City Northwest represents the opportunity to acquire a recently renovated upscale hotel in the growing Oklahoma City market. This value-add property can be acquired at a price well below replacement cost. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth. Additionally, the property could be converted to a Best Western Plus hotel, which has already been approved by a Best Western rep.

Investment Highlights

  • Several Renovations Completed in 2019
  • Value-Add or Conversion Opportunity
  • Offered Well Below Replacement Cost
  • Conveniently Located Between NW Expressway & Interstate 44 (127k+ VPD)
  • 1 Mile to Penn Square Mall & the 20-Acre Mixed-Use Development known as OAK
  • Located Near Several Notable Attractions & Employers

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Hotel-Motel

Hyatt Place Oklahoma City Northwest

Listing Price: $5,250,000

Cap Rate
2.07%
Number of Rooms
79
RevPAR
$46
Gross SF
50,659
Price/Room
$66,456
RRM
3.95
Price/Gross SF
$103.63

Investment Highlights

  • Several Renovations Completed in 2019
  • Value-Add or Conversion Opportunity
  • Offered Well Below Replacement Cost
  • Conveniently Located Between NW Expressway & Interstate 44 (127k+ VPD)
  • 1 Mile to Penn Square Mall & the 20-Acre Mixed-Use Development known as OAK
  • Located Near Several Notable Attractions & Employers

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Hyatt Place Oklahoma City Northwest, a four-story select service hotel located in the northwest region of the desirable Oklahoma City market. The hotel consists of 79 well-appointed interior corridor rooms. Amenities include a lobby bar, indoor pool, fitness center and complimentary breakfast buffet. Business amenities include a business center and 900 square feet of meeting space. This property is conveniently located between Northwest Expressway and Interstate 44, near Penn Square Mall and the 20-acre mixed-use development
known as OAK.

The Hyatt Place Oklahoma City Northwest represents the opportunity to acquire a recently renovated upscale hotel in the growing Oklahoma City market. This value-add property can be acquired at a price well below replacement cost. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth. Additionally, the property could be converted to a Best Western Plus hotel, which has already been approved by a Best Western rep.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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