Property Overview

LENDER OWNED. Bank seeks immediate offers on this 141 room, full-service, two story hotel with atrium, indoor pool, meeting space, restaurant and lounge. Located on 5.22 acres of prime land with highway frontage. Excellent location and visibility on State Highway 51, the main thoroughfare through Stillwater. Historic room sales of over $1.5M. ALL SERIOUS OFFERS WILL BE CONSIDERED. All guestrooms come equipped with franchise standard amenities including flat screen television’s, coffee makers, irons, ironing boards and hair dryers. Many rooms include microwaves, refrigerators and whirlpool bathtubs. Handicap and non-smoking rooms are available. There are 3 full suites including a two story townhouse suite. 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$1,800,000
LocationState Highway 51
Property DescriptionFull Service
Number of Rooms141
Major Source of BusinessCorporate, Electronics Manufacturing, University, Leisure & Energy
Site Size+ / - 5.22 Acres
Year Built 1980
Last Year Renovated 2014
Common Area AmenitiesBreakfast Area, Indoor Pool & Hot Tub, Business Center, Meeting Space & Fitness Center, Restaurant & Bar