Property Overview

This brand new Springhill Suites in Stillwater is a 81 room, 4-story interior corridor hotel that is being offered at below replacement with upside for any type of investor from institutional to first time Marriott buyer. Stillwater is home to Oklahoma State University. The University is the single largest demand generator in the market employing over 5,000 and with total enrollment exceeding 25,000. Other large demand generators include Stillwater Regional Medical Center, Wal-Mart Distribution, Mercury MerCruiser, and Armstrong Worldwide. A number of large electronic firms have manufacturing facilities as well. Kicker, Nomadics, Frontier Electronics and National Standard all have headquarters located in Stillwater. Oklahoma, is often called one of America’s “most livable” cities, and for good reasons. Quality neighborhoods, excellent schools and low crime rates are hallmarks of the community, as well as recreational and cultural opportunities that you will only find in a university city. In 2011 Forbes Magazine named Stillwater the 6th fastest growing small cities in the United States. With its cost of living being 10% below the national average, Stillwater is consistently ranked among the nation’s top small cities for quality of life. In 2010 Money Magazine named Stillwater as on to the 100 best places to live because of its quality of life.

Property Highlights

Asking Price$9,500,000
LocationOff Highway 51/6th Avenue
Property DescriptionSelect Service
Number of Rooms81
Major Source of BusinessCorporate, Electronics manufacturing, University, Leisure
Site Size+/- 1.83 Acres
Year Built 2018
Last Year Renovated 2018
Common Area AmenitiesBreakfast Area, Guest Laundry, 24-Hour Fitness Center, Indoor Pool, Meeting Space & Wi-Fi