Hotels for Sale

Wingate by Wyndham Oklahoma City, OK

Address:
Oklahoma City, Oklahoma
Description:

UNDER CONTRACT

  • Leasehold interest in the 81-room former Fairfield Inn Oklahoma City South available at a fraction of replacement cost
  • Property offered for individual sale through Ten-X as part of a larger portfolio sale on October 24th
  • Significant operational upside following lengthy foreclosure process in 2017 with very limited capital investment in property improvements and very limited operational oversight in many years
  • Available unencumbered of debt and third-party management with completed rebranding to Wingate by Wyndham in late July 2018
  • Seller has pre-negotiated franchise terms with Wyndham including the buyer option for reduced royalty fees or key money payment
  • Financing available with upwards of 80% 'Loan to Cost' (LTC) for qualified bidders
  • Moderate Windham by Wyndham change of ownership PIP expected upon transfer of franchise and sale of asset
  • Situated adjacent to the intersection of Interstate-35 and Interstate-240 with direct visibility and easy accessibility to the upwards of 90,000 cars passing the location daily
  • Optimal location in South Oklahoma City and ideally situated within seven miles from the area's largest employers including Chesapeake Energy, BancFirst and Devon Energy
  • Proximate to all broader regional demand including the Cox Convention Center, Ford Center, Bricktown/Downtown, Civic Center Music Hall, OKC Museum of Art, Myriad Botanical Gardens/Crystal Bridge, Will Rogers World Airport, Stockyards, State Fair Park, White Water Bay, OKC Zoo, Omniplex/Kirkpatrick Planetarium, National Softball Hall of Fame, Remington Park, National Cowboy Hall of Fame and Western Heritage Museum, University of Oklahoma

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Omari Head
T: 773.315.5704
Email

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