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Hotel-Motel

Best Western Plus Fairview Inn & Suites

802 N Main St, Fairview, OK 73737

Listing Price: $4,750,000

Cap Rate
7.30%
Number of Rooms
52
RevPAR
$50
Gross SF
62,400
Price/Room
$91,346
Price/Gross SF
$76.12
Year Built
2016

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Plus Fairview Inn & Suites, a three-story select service hotel located in Fairview, Oklahoma. Built in 2016, the hotel consists of 52 well-appointed interior corridor rooms, some of which include kitchenettes for extended-stay guests. Amenities include a heated indoor pool and hot tub, fitness gym, business center and meeting facilities, a mini-convenience store in the lobby, Free Wifi, and complimentary breakfast. Just a 90 minute drive from Oklahoma City, this property is conveniently located on Highway 60, just across the street from the Fairview Chamber of Commerce and next to GB's Grill & Lounge. The Best Western Plus Fairview Inn & Suites represents the opportunity to acquire an updated hotel in the vibrant and friendly city of Fairview that focuses on excellence in education, quality healthcare, and business growth. Being the only upper-midscale hotel in Fairview, this value-add property can be acquired at a price well below replacement cost. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by demand growth in the region.

Investment Highlights

  • Newer Construction (Built in 2016) | Minimal PIP Anticipated
  • Less Than a Mile from Fairview Regional Medical Center
  • Conveniently Located at the Intersection of U.S. Route 60 and State Highway 58
  • Near Gloss Mountain State Park and Sod House Museum
  • Less Than an Hour to Canton Lake, Little Sahara State Park and Several Museums

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Hotel-Motel

Best Western Plus Fairview Inn & Suites

Listing Price: $4,750,000

Cap Rate
7.30%
Number of Rooms
52
RevPAR
$50
Gross SF
62,400
Price/Room
$91,346
Price/Gross SF
$76.12
Year Built
2016

Investment Highlights

  • Newer Construction (Built in 2016) | Minimal PIP Anticipated
  • Less Than a Mile from Fairview Regional Medical Center
  • Conveniently Located at the Intersection of U.S. Route 60 and State Highway 58
  • Near Gloss Mountain State Park and Sod House Museum
  • Less Than an Hour to Canton Lake, Little Sahara State Park and Several Museums

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Plus Fairview Inn & Suites, a three-story select service hotel located in Fairview, Oklahoma. Built in 2016, the hotel consists of 52 well-appointed interior corridor rooms, some of which include kitchenettes for extended-stay guests. Amenities include a heated indoor pool and hot tub, fitness gym, business center and meeting facilities, a mini-convenience store in the lobby, Free Wifi, and complimentary breakfast. Just a 90 minute drive from Oklahoma City, this property is conveniently located on Highway 60, just across the street from the Fairview Chamber of Commerce and next to GB's Grill & Lounge. The Best Western Plus Fairview Inn & Suites represents the opportunity to acquire an updated hotel in the vibrant and friendly city of Fairview that focuses on excellence in education, quality healthcare, and business growth. Being the only upper-midscale hotel in Fairview, this value-add property can be acquired at a price well below replacement cost. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by demand growth in the region.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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