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Hotel-Motel

GLo Best Western Enid Downtown Convention Center

123 W Maine St, Enid, OK 73701

Listing Price: $8,750,000

Cap Rate
7.80%
Number of Rooms
96
RevPAR
$55
Gross SF
30,000
Price/Room
$91,146
Price/Gross SF
$291.67
Year Built
2021

Investment Overview

Marcus & Millichap is proud to present for sale the Glo Best Western Enid Downtown Convention Center, a newly built boutique hotel featuring sleek and modern finishes accented with bold pops of color. Opened in May 2021, the hotel is easily accessible to and from U.S. Routes 81 & 412, and adjacent to Stride Bank Convention Center (formerly Enid Event Center). The property is also walking distance to David Allen Memorial Ballpark and located within the Enid Arts & Entertainment District, which is home to vibrant shopping, unique eateries, events and attractions. The hotel is a 96-room, four-story, interior corridor building with a spectacular lobby, state-of-the-art fitness center, dynamic breakfast area, on-site guest laundry and indoor heated pool. The Glo Best Western Enid Downtown Convention Center is priced below replacement cost with no PIP expected. Having been newly built with a strong brand and proximity to Downtown, Convention Center, Ballpark and local businesses; this hotel is expected to offer healthy returns on investment with a modest projection.

Investment Highlights

  • Brand New Boutique-Style Franchised Hotel, Opened in May 2021
  • Located within the Enid Arts & Entertainment District
  • Adjacent to Stride Bank Convention Center & Walking Distance to David Allen Memorial Ballpark
  • 1 Mile to St. Mary's Regional Medical Center & INTEGRIS Bass Baptist Health Center
  • 2 Miles to Northern Oklahoma College & Northwestern Oklahoma State University
  • 4 Miles to Vance Air Force Base | More Than 1,400 Active Duty & Reserve Military
  • Other Nearby Attractions Include the Gaslight Theatre, Cherokee Strip Regional Heritage Center, Chisholm Trail Expo Center and Enid Speedway
  • Located in an Opportunity Zone

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Hotel-Motel

GLo Best Western Enid Downtown Convention Center

Listing Price: $8,750,000

Cap Rate
7.80%
Number of Rooms
96
RevPAR
$55
Gross SF
30,000
Price/Room
$91,146
Price/Gross SF
$291.67
Year Built
2021

Investment Highlights

  • Brand New Boutique-Style Franchised Hotel, Opened in May 2021
  • Located within the Enid Arts & Entertainment District
  • Adjacent to Stride Bank Convention Center & Walking Distance to David Allen Memorial Ballpark
  • 1 Mile to St. Mary's Regional Medical Center & INTEGRIS Bass Baptist Health Center
  • 2 Miles to Northern Oklahoma College & Northwestern Oklahoma State University
  • 4 Miles to Vance Air Force Base | More Than 1,400 Active Duty & Reserve Military
  • Other Nearby Attractions Include the Gaslight Theatre, Cherokee Strip Regional Heritage Center, Chisholm Trail Expo Center and Enid Speedway
  • Located in an Opportunity Zone

Investment Overview

Marcus & Millichap is proud to present for sale the Glo Best Western Enid Downtown Convention Center, a newly built boutique hotel featuring sleek and modern finishes accented with bold pops of color. Opened in May 2021, the hotel is easily accessible to and from U.S. Routes 81 & 412, and adjacent to Stride Bank Convention Center (formerly Enid Event Center). The property is also walking distance to David Allen Memorial Ballpark and located within the Enid Arts & Entertainment District, which is home to vibrant shopping, unique eateries, events and attractions. The hotel is a 96-room, four-story, interior corridor building with a spectacular lobby, state-of-the-art fitness center, dynamic breakfast area, on-site guest laundry and indoor heated pool. The Glo Best Western Enid Downtown Convention Center is priced below replacement cost with no PIP expected. Having been newly built with a strong brand and proximity to Downtown, Convention Center, Ballpark and local businesses; this hotel is expected to offer healthy returns on investment with a modest projection.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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