WOODWARD, OK – HotelBrokerOne (HB1) is pleased to announce
the successful sale of the Sands Inn & Suites (67 rooms) and Super 8 (59
rooms), two hospitality assets located in Woodward, Oklahoma.
Both properties are ideally positioned along U.S. Highway
270, serving a steady mix of business and leisure travelers visiting the
region’s energy sector, local industries, and outdoor recreation areas. The
buyer, a regional hospitality investor, plans to enhance both properties
through targeted upgrades and continued operational improvements while
repositioning the hotels as independent, all suite extended stay
facilities.
Bruce Holmes and Peter Holmes of HotelBrokerOne’s OKC office
represented both the seller and buyer in both transactions.
“This package sale highlights continued investor confidence
in extended stay even in secondary or tertiary markets,” said Holmes. “Quality,
independently operated and branded assets in locations with strong demand
continue to attract experienced buyers seeking reliable cash flow and upside
potential.” Holmes went on to further add: “This transaction reiterates the
continuing ongoing demand for cash flowing limited-service or extended stay
hotels in stable, business-driven communities throughout the Mid and Central
United States”.
For more information about HotelBrokerOne and its recent
transactions, visit www.hotelbrokerone.com.