Residence Inn Oklahoma City South, OK

UNDER CONTRACT

• Institutionally owned and third party managed 90-room Residence Inn by Marriott Oklahoma City South
• Property is offered for sale in the Feb 5th-7th auction event on the Ten-X platform
• Leasehold interest in asset is offered unencumbered of management and debt
• Significant operational upside for a prospective buyer transitioning from third-party management  and absentee ownership to a regional owner/operator better positioned to leverage local operating economies
• Ability to retain the Marriott flag with a new long-term license upon completion of the change-of-ownership PIP
• Readily accessible and visible from the I35 / I240 interchange, with +100,000 vehicles passing the location daily
• Proximate to the 26,000 employee Tinker Air Force Base – a major US military installation and the largest single site employer in the state
• Situated approximately five miles from downtown Oklahoma City and all core downtown demand including Bricktown Entertainment District, Oklahoma City Convention Center, and the Paycom Center
• Readily accessible to Will Rogers World Airport with current enplanements up a material +11% year over year
• Optimal time to be investing in Oklahoma City amidst unprecedented population growth making it now the 20th largest city in the US
• Oklahoma City remains a focal point for regional economic growth with extensive public and private investment including +$1B in Pratt & Whitney regional investments, the proposed new $1B Norman Entertainment Center development, and the proposed $900MM OKC Arena,
• Oklahoma remains a focal point for US oil and energy production amidst renewed focus for expanded domestic energy production