Property Overview
The Candlewood is the premier extended stay hotel within the Enid market and one of the most successful properties in the NW quadrant of the entire state
of Oklahoma.
Built with typical brand amenities including full kitchens, fitness center, guest laundry, outdoor entertainment area, and market, the 81 room all kitchenette hotel would benefit from a more focused ownership and management group.
Constructed in 2012, the hotel will have a moderate IHG change of ownership required for a new purchaser but is in overall very good condition.
Candlewood Suites offers excellent visibility from US Highway 412 (Owen K. Garriott Rd) and easy access to Enid’s key demand generators. The hotel benefits from its close proximity to major local demand drivers, including Vance Air Force Base — one of the U.S. Air Force’s premier pilot training installations located just south of Enid — which supports a significant military and civilian workforce in the region.? In addition, Enid is home to a major Koch Nitrogen fertilizer production facility that underwent a significant expansion, including a reported $1.3Bn modernization project, reinforcing its role as a key industrial employer and economic engine for Garfield County.
Property Highlights
| Asking Price | $7,999,000 |
| Location | US Highway 412 |
| Property Description | Limited Service |
| Number of Rooms | 81 |
| Major Source of Business | Military Base, Manufacturing, Medical, Education & Tourism |
| Site Size | +/- 2.7 |
| Year Built |
2012 |
| Common Area Amenities | Breakfast area, business center, on-site market & guest laundry |