hotel in okc - images.bizbuysell.com · listing price: $2,500,000 hotel in okc c. andrew popa...
TRANSCRIPT
LISTING PRICE: $2,500,000HOTEL IN OKC
C. ANDREW POPAPRINCIPAL
BUSINESS BROKER, M&[email protected]
405.402.6414
CONFIDENTIAL INFORMATION MEMORANDUM
ABOUT THE COMPANY
LINCON INN EXPRESS | [email protected] | 405.402.6414
HOTEL IN OKCHotel & Conference Room
90-room hotel sitting on 4.67 acres off main freeway at exit
toward the State Capitol.
Hotel Conference roomConference and multi-purpose room rented on a daily basis for private and public events.
CONFERENCE ROOM
HOTEL
HOTEL IN OKC | [email protected] | 405.402.6414
OPPORTUNITY SUMMARY
MIDTOWN OKCHOTEL IN OKC is a conveniently locatedhotel on major boulevard heading towardthe State Capitol in Oklahoma City.Competitively priced, this 92-room hoteloffers larger rooms, discount packages forlonger stays, and rich amenities includingprivate balcony and patio for each room,large outdoor pool, large screen TVs,complimentary WIFI, corporate meetingrooms, and in-room microwaves and mini-refrigerators.
This is an excellent re-developmentopportunity offered by a large upcoming134-acre development area that willenvisions 25% retail, 25% office, 10% hoteland conference space, 20% residential, and20% open space and recreation(https://newsok.com/article/5461359/oklahoma-agency-plans-major-development-near-Hotel-i-44).
Lot Size 4.67 AC Avg. Monthly ADR $46.09
Bldg. Size 50,000 SF Avg. Monthly Occ. 26.13%
Year Built 1965 Avg. Monthly RevPar $8.85
No. Rooms 90 Parking Ratio 1.8/1000 SF
HOTEL IN OKC | [email protected] | 405.402.6414
BUSINESS HIGHLIGHTS
Hotel at a GlanceTo ensure you have the most comfortable stay possible, each room is equipped with cable television, a coffee pot, microwave, and mini-refrigerator. You'll also find a hair dryer, iron, and ironing board in every room in our motel. See our full list of amenities and services below.
Generous and lush, well maintained
Pool Area
Club house with dedicated eating space
Breakfast Area
Larger than other hotels in OKC
Double Room
Equipped for long-term stays
Single Room
AMENITIESØ Mini Refrigerators
Ø Microwaves
Ø Cable Television
Ø Pet Friendly
Ø Big Lawn Area
Ø Large Banquet Hall
Ø Corporate Meeting Room
Ø Guest Service Experts
Ø Extra Large Room
Ø Complimentary WIFI
Ø High Speed Internet
Ø Complimentary Deluxe
Breakfast
Ø Guest Laundry Facility
Ø Large Outdoor Pool
Ø Private Balcony or Patio
for Each Room
Ø Irons & Ironing Boards
Ø Hair Dryers
Ø Coffee Pots
Ø Vending Area
HOTEL IN OKC | [email protected] | 405.402.6414
OPERATING EXPENSES
2018 Expenses as % of Total Expenses
Operating Expenses
HOTEL IN OKC | [email protected] | 405.402.6414
OPPORTUNITIES
TURNAROUND OPPORTUNITIESThis off-brand hotel sits on a prime piece of real estate in the vicinity of an upcoming 134-acre development, the largest of its kind in the city.
This provides opportunities both in the short and long-term.
In the short-term, the hotel may be geared toward serving the workforce contracted for the large-scale development, while in the long-
term it may completely transformed into a multi-story establishment, either residential or multi-use professional to cater to the growing
geographical demand to be expected in the following years.
Residential and multi-use professional and retail space,will likely be a very strong demand in the coming years asa result of the large scale development announced by theCity.
REDEVELOPMENT
Street side of hotel, estimate at about 60,000 Square Feet, is suitable for partitioning for a restaurant or a food
oriented retail establishment. This point of service would be the first establishment of its kind available to drivers
exiting the freeway.
PARTITIONING
Food establishment à
BUSINESS BROKER
HOTEL IN OKC | [email protected] | 405.402.6414
ABOUT US
C. ANDREW POPA Principal
Business Broker and AdvisorLicensed Realtor ™
Former healthcare organizations CEO, has managed operations and a team of over 2500 staff across 16 countries.
Andrew has over 20 years of experience in international business with an extensive background in conducting business in the US, Europe, and the Middle East.
His expertise includes:• Business brokerage, franchise and corporate M&A • Real estate investments• Import and export trade• Sourcing and outsourcing• Setting up distribution networks and identifying markets for
established and introductory products• Healthcare operations• Technology based companies
M. 405.402.6414O. 405.265.9811
TO PROCEED TO NEXT STEPS CONTACT
C. ANDREW POPA | [email protected] | 405.402.6414
NEXT STEPS
Fund & Close
Finalize Financing & Lease
Complete Due Diligence
Offer Accepted By The Seller
Prepare Offer With Broker Deposit
Meet with Business Broker
Receive Confidential Information Memorandum
Complete NDA & Buyer Profile
Expression of interest
The following are sequential steps that each buyer will be asked to follow in the Transworld business buying process. The broker responsible for this listing will lead you through each step in the order noted below. The objective is to provide you with adequate information to make an informed decision on the purchase of this business. The steps are sequenced to respect the initial privacy needs of the seller while providing prospective buyers with an increasing amount of information through the process.