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.