Property Overview
Priced at 2.8 times room gross and approximately $30K per room, currently cash flowing, and with real potential upside, the 121 room, 4 story, Wyndham Garden is a genuine bargain. The hotel is highly desirably located on US 177 & Highway 51, near Oklahoma State University.
The 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.
The hotel has the onsite Brannigan's Sports Bar & Grill. Eskimo Joe’s restaurant, Stillwater’s world famous “Jumpin’ Little Juke Joint,” is also just minutes away. As well as a wide variety of other restaurants and pubs.
Other Stillwater demand generators include Stillwater Regional Medical Center, The Stillwater Regional Airport, Cooperland Raceway & Motocross Track, Tumbleweed's Bar & Event Center, 3 PGA rated golf courses including Karsten Creek Golf Club and 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.
*BREAKING OSU announces $325M expansion: https://okstate.com/news/2023/2/27/cowboy-basketball-osu-unveils-athletics-vision-plan.aspx
Property Highlights
| Asking Price | $3,700,000 |
| Location | US Route 177 near Oklahoma State Campus |
| Property Description | Full Service |
| Number of Rooms | 121 |
| Major Source of Business | University, Corporate, Retail, Tourism & Manufacturing |
| Site Size | +/- 4.62 Acres |
| Year Built |
1982 |
| Common Area Amenities | Indoor pool & hot tub, Sports bar & grill, Fitness center, Multiple meeting rooms, business center, guest laundry. |