Hotels for Sale

SPRINGHILL SUITES ARDMORE, OK

Address:
Ardmore, Oklahoma
Description:

UNDER CONTRACT

  • Fee simple interest in the institutionally owned and third-party managed 80-room SpringHill Suites Ardmore OK offered at a substantial discount to replacement cost
  • Property offered for individual sale in the April 7th auction event as part of larger seven asset Texas and Louisiana portfolio affording the buyers the opportunity to purchase multiple assets with strong operating economies of scale across the Mid & Southeastern portion of the United States.
  • Ability for qualified buyers to retain the SpringHill Suites flag for the remainder of the existing term (2034) with no PIP required aside from some limited brand identified deficiency items including parking lot and sidewalk repairs
  • Seller has completed approximately $1.1MM ($15k/key) in renovations in recent years
  • Strong operational upside for prospective buyers with a focused local / regional strategy and market knowledge
  • Situated directly adjacent to and directly visible from Interstate 35, the primary north/south thoroughfare connecting Oklahoma City to Dallas
  • Opportune time to be investing in Ardmore based on the expanded warehouse and manufacturing operations that support distribution of goods across the region
  • Ideal opportunity to invest in the region, as oil prices continue to rally and are approaching 15-month highs

Listing Agents

Omari Head
T | 410.406.7259
Email

Mason McDavid
T | 512.543.4653
Email

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