Wyndham Garden Oklahoma City Airport - Oklahoma City, OK
About This Property
- 244 Rooms
- Full Service, 2 Story, Interior Corridor Hotel with Indoor Pool and Restaurant
- Total Revenue $2,055,473 in 2022 and $2,129,187 in 2023
- Underperforming at 51% of the RevPAR for Comp Set
- Excellent Location just 3 Miles from OKC's Will Rogers International Airport, nearby to Interstate 44 & Interstate 40
- OKC is Oklahoma's Most Populous City with over 649,000 Residents, Growing 12.5% over the Past 10 Years. Latest C2ER Report Ranks OKC as Number 1 for the Lowest Cost of Living Nationally for Large Cities
- Diverse Demand Generators nearby, Including Major Expansion Continuing at Will Rogers World Airport
- Underutilized Banquet and Event Facilities: 1,800 (+/-) Square Foot Atrium and Grand Ballroom Able to Host 350 Guests
- Absentee Owner from California
The Wyndham Garden is a 244 room, 2 story interior corridor hotel located in Oklahoma City, just a few miles from Will Rogers International Airport.
The hotel features an on-site Restaurant and Bar that the Seller is positioning to Boston's Pizza Restaurant with an upcoming franchise agreement. The Seller has taken steps to renovate 98 rooms in one of the buildings and has removed them from Wyndham's room count as of late 2023 in order to consider a pivot to a dual-brand or rent separately from the now-146 room Wyndham Garden room set.
Oklahoma City continues to grow quickly, and is ranked as the Number 1 city for lowest cost of living among large cities in 2023 by C2ER. Demand generators are very broad, including the Oklahoma City Zoo, Oklahoma City National Memorial and Museum, and the hotel is nearby to OKC's city center and many corporations. With on-site dining, free airport shuttle service, and extensive meeting and event space, our hotel is the perfect destination for business and leisure travelers alike.
The hotel is poised to capture a larger share of the market given its proximity to the airport and higher room count, with banquet and event services available to host in the hotels' Grand Ballroom which seats up to 350 guests in the 1,800 square foot atrium. Will Rogers World Airport recently completed renovations and construction totaling $89 million to include additional airline gates, security improvements and modernized public areas.
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.
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- 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.
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