Garner by IHG Conversion Opportunity - Oklahoma City, OK
About This Property
- 55 Units
- 4 Story Interior Corridor Hotel with Indoor Pool
- Excellent Conversion Opportunity to the Available Midscale/Premium Economy New Brands: Garner by IHG, Spark by Hilton, or La Quinta by Wyndham
- Underperforming Occupancy at 33.3% Compared to 49% for Comp Set
- Located on Interstate 44 in the Heart of Oklahoma City
- Perfect Fit for Garner by IHG with Broker PIP Available
- OKC is Oklahoma's Most Populous City with over 649,000 Residents, Growing 12.5% over the Past 10 Years. OKC Ranks as #1 for the Lowest Cost of Living Nationally for Large Cities
This hotel conversion opportunity is currently branded as a Sleep Inn & Suites. It is a 55-room, 4-story interior corridor hotel located in Northwest Oklahoma City, Oklahoma.
With underperforming occupancy at 35% and a 4 story property built in 2006, this is a perfect opportunity for a conversion to the new introduction of Garner by IHG or Spark by Hilton.
Regarding Garner: The InterContinental Hotels Group (IHG) has introduced Garner hotels, unveiled August 2023, is a midscale brand leading with character and focusing on delivering quality stays at an affordable price. Garner hotels promise an outstanding/decorative experience for guests and an investment proposition for owners seeking high returns. More information about the Garner transition can be found here: https://ihg.showpad.com/share/Ef18lNlTexDyUDZ0SNqCF/0
Spark by Hilton is a premium economy hotel, valuable, comfortable, and reliable that employs an innovative conversion model, a brand with upside revenue opportunities for owners.
Additional details about the conversion requirements can be provided upon inquiry.
The hotel's location provides easy access to a range of local attractions and business hubs that include, hospitals, small businesses, and family fun outdoor activities. Guests can explore the nearby Oklahoma City Zoo, Oklahoma City National Memorial Museum, and attend a variety of sports, concerts, and entertainment options at the Chesapeake Energy Arena.
Offers are highly encouraged.
This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.
The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.
By checking the below box and viewing this property, you agree that:
- The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
- The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
- All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.
This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.