Property Overview

The Hyatt Place is a 79 room, 4-story interior corridor hotel that is superbly located, being offered for sale with good potential upside. Originally constructed in 2003 and converted to Hyatt Place in 2008, the hotel has undergone several Significant renovations and is in excellent condition. The hotel is located on I-44, and within a 5 mile radius of Interstates I-35, I-235, and I-40, providing easy access for travelers. Situated in the Northwest quadrant of Oklahoma City, the hotel is part of the Belle Isle and Classen Curve Developments which are some of the highest end within Oklahoma. This includes the largest mall in the state, Penn Square Mall. Also nearby is the wealthy and historic residential district of Nichols Hills and the Headquarters of Chesapeake Energy. Other major tenants in the market include Apple, ATT, Valliance Bank Tower, Cheesecake Factory and many, many others. The area features tremendous barriers to entry with virtually no unused land nearby. The hotel is located just five miles north of downtown Oklahoma City, with a growing population of nearly 1.4 million.

Property Highlights

Asking Price$6,100,000
LocationNorthwest Expressway
Property DescriptionLimited Service
Number of Rooms79
Major Source of BusinessCommercial, Fairgrounds, Medical, Tourism & Energy
Site Size+/- 2.01 Acres
Year Built 2003
Last Year Renovated 2016
Common Area AmenitiesBusiness center, 24-Hour Gallery Market, 24-Hour Fitness Room, Breakfast Area