Wyndham Garden Oklahoma City Airport | 2101 S Meridian Ave
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Wyndham Garden Oklahoma City Airport 2101 S Meridian Ave
146 Room Hotel Oklahoma City, OK 73108 £4,549,578 (£31,161/Room)
Investment Highlights
- 244 Room, Full Service, 2 Story, Interior Corridor Hotel with Indoor Pool and Restaurant
- Underperforming at 51% of the RevPAR for Comp Set
- OKC is Oklahoma's Most Populous City with over 649,000 Residents, Growing 12.5% over the Past 10 Years. Diverse Demand Generators Nearby
- Total Revenue $2,055,473 in 2022 and $2,129,187 in 2023 ; Asking $23.7k/Key
- Excellent Location just 3 Miles from OKC's Will Rogers International Airport, nearby to Interstate 44 & Interstate 40
- Underutilized Banquet and Event Facilities: 1,800 (+/-) Square Foot Atrium and Grand Ballroom Able to Host 350 Guests
Executive Summary
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.
As of late 2023, 146 Rooms remain active with Wyndham's PMS and 98 rooms in a building wing are removed from Wyndham's system to reduce cost. The Seller considered a dual brand for those rooms, but is currently exploring converting those rooms to office rentals for a mixed use space, which is why the STR report for April & June 2024 shows occupancy so much higher than the year prior.
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.
As of late 2023, 146 Rooms remain active with Wyndham's PMS and 98 rooms in a building wing are removed from Wyndham's system to reduce cost. The Seller considered a dual brand for those rooms, but is currently exploring converting those rooms to office rentals for a mixed use space, which is why the STR report for April & June 2024 shows occupancy so much higher than the year prior.
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.
Property Facts
| Price | £4,549,578 | Building Size | 139,722 SF |
| Price Per Room | £31,161 | No. Rooms | 146 |
| Sale Type | Investment | Number of Floors | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1982/2009 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.86/1,000 SF |
| Lot Size | 11.21 AC | Corridor | Interior |
| Price | £4,549,578 |
| Price Per Room | £31,161 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 11.21 AC |
| Building Size | 139,722 SF |
| No. Rooms | 146 |
| Number of Floors | 2 |
| Year Built/Renovated | 1982/2009 |
| Tenancy | Single |
| Parking Ratio | 1.86/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- Restaurant
- Room Service
- Shuttle Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 146 | £82.36 | - |
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PROPERTY TAXES
| Parcel Number | 148801000 | Improvements Assessment | £527,964 |
| Land Assessment | £52,671 | Total Assessment | £580,635 |
PROPERTY TAXES
Parcel Number
148801000
Land Assessment
£52,671
Improvements Assessment
£527,964
Total Assessment
£580,635
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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Tim Takao -
Amber Hotel Company
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Wyndham Garden Oklahoma City Airport | 2101 S Meridian Ave
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