Property Overview

The former Holiday Inn is in a prime location in downtown Oklahoma City. The Hotel is being offered at approximately 25% of replacement cost. Preliminary budgets for various brands have ranged from $4,000,000 to nearly $20,000,000. To reopen as a hotel, a buyer would simply be limited by how much they wanted to spend as to the tier, quality and brand of hotel they desired. Full Service Brands available in the marketplace include: Marriott Delta, Four Points by Sheraton, Hilton Curio and Tapestry Collections, Radisson, Holiday Inn, Wyndham, Ramada, and Clarion. Additionally, there are a host of select service or limited service brands available in the IHG, Choice, Wyndham, and other brand systems. The closed property is a interior corridor, full service, ten-story hotel. It includes a restaurant, a gift shop and a multi-media conference center.

Property Highlights

Asking Price$9,750,000
LocationDowntown CBD / Main Street near I-40
Property DescriptionFull Service
Number of Rooms188
Major Source of BusinessCorporate, Commercial, Tourism & Leisure
Site Size2.25 acres more or less
Year Built 1963
Last Year Renovated 2013
Common Area AmenitiesBreakfast Area, Conference/Meeting Space, Fitness Center, Gift Shop & Auditorium