Property Overview

• Priced at 2.8X Room Revenue

• Offered at 20% of replacement / $30K per room (approx.)

• Positive NOI & CAP rate each of the last 3 years

• Income trending upward / May Room Revenue over $177K

• Various re-branding opportunities 

The 121 room, 4 story, Wyndham Garden Hotel is a tremendous opportunity with excellent investment upside and good existing cash flows. The hotel is highly desirably located on US 177 & Highway 51, less than a mile from Oklahoma State University. It is also the closest full service hotel to the new $6B Cushing refinery construction project breaking ground in late 2024. Just 20 minutes away.

Additionally, the immediate campus area has recently seen nearly $1B in new development and renovation including the new world class McKnight Center for the Performing Arts, the $70M O'Brate Baseball Stadium, and the state of the art OSU / Greenwood Tennis Complex which will be home to the 2024 NCAA Tennis Championships. Existing Boone Pickens Stadium, Gallagher-Iba Arena and the National Wrestling Hall of Fame & Museum have all had recent renovations as well.

Other Stillwater demand generators include Stillwater Regional Medical Center, Stillwater Regional Airport, Cooperland Raceway & Motocross Track, Tumbleweed's Bar & Event Center, 3 PGA rated golf courses including Karsten Creek Golf Club, Lakes Carl Blackwell and Mercury, a major Wal-Mart distribution center, Kicker Manufacturing and Design Studios, and Armstrong Worldwide. A number of large electronic firms have manufacturing facilities as well: Kicker, Nomadics, Frontier Electronics and National Standard all have headquarters in Stillwater.

Originally built as a Sheraton Inn, the hotel could potentially have rebranding, repositioning options as well.

Property Highlights

Asking Price$3,700,000
LocationUS Route 177 near Oklahoma State Campus
Property DescriptionFull Service
Number of Rooms121
Major Source of BusinessUniversity, Corporate, Retail, Tourism & Manufacturing
Site Size+/- 4.62 Acres
Year Built 1982
Last Year Renovated 2020
Common Area AmenitiesIndoor pool & hot tub, Sports bar & grill, Fitness center, Multiple meeting rooms, business center, guest laundry.