Hotel Brokers of America is proud to offer for Sale the 2018 Built 80 ALL SUITE SpringHill Suites Stillwater, Oklahoma, home of Oklahoma State University and only 1.15 hours away from Tulsa OK and Oklahoma City.

Highlights & Location:

• PRICED TO SELL At $85,000 a room the SpringHill Suites price reflects an approx. 40% discount well below today’s replacement cost of approximately $140,000 and is a tremendous opportunity to purchase an upscale class property well below the current cost of building a new SpringHill Suites.
• UNIVERSITY TOWN: Stillwater is the home of Oklahoma State University which acts as the market driver due to graduations, family and friends attending sporting events from all the different sports tournaments, Student move in and move outs, suppliers, vendors and visiting professors.
• EXCELLENT CONDITION: The hotel opened in December 2018, and with the low occupancy in the market approx. 50% the hotel is still in New Like condition. MINIMAL PIP IF ANY,  however we have budgeted $200,000 toward any potential PIP from Marriott.
• MANAGEMENT: The hotel is offered unencumbered by management. Currently, it is remotely managed and revenue and profits could be significantly higher with a more hands on localized owner operator with greater control of expenses.  It is recommended that the Hotel adds a sales manager to further boost revenue.
• UNDER PERFORMING: This upscale All-Suites hotel is superior to the competition and yet the Hotel is ranked 3 of 6 in occupancy and 4 of 6 on ADR this hotel should be market leader and ha significant upside In General the Stillwater market has mid 50% Occupancy and High Average room rate which typically delivers higher profitability.

• Corporate Demand Generators:  Stillwater, Oklahoma, benefits from a diverse economic landscape supported by several major employers across various industries. Some of the significant employers near Stillwater include:
  • Oklahoma State University (OSU): As one of the largest employers in the region, OSU plays a pivotal role in Stillwater's economy. The university provides employment opportunities across academic disciplines, research, administration, and support services.
  • Stillwater Public Schools: The local public school district is a significant employer, offering positions for educators, administrators, and support staff across its various schools and administrative offices.
  • Medical Facilities: Stillwater is home to medical facilities such as Stillwater Medical Center, which provides healthcare services to the community and employs medical professionals, administrative staff, and support personnel.
  • City of Stillwater: Municipal government entities, including the City of Stillwater, employ individuals across various departments, including public works, utilities, administration, and public safety (police and fire departments).
  • Manufacturing and Technology: While not as prominent as other sectors, Stillwater has some manufacturing and technology companies that provide employment opportunities in areas such as aerospace, electronics, and advanced manufacturing.

• Major Cites: Stillwater, Oklahoma, is situated in north-central Oklahoma and is relatively close to several major cities in the region. Here are some of the significant cities near Stillwater:
  • Oklahoma City, Oklahoma: 70 Miles
  • Tulsa, Oklahoma: 65 Miles
  • Edmond, Oklahoma 50 Miles
  • Enid, Oklahoma: 45 Miles

LOAN & FINANCING:
H3O Capital with Hotel Brokers of America will be able to connect a new buyer with a direct lender directly.

SPRINGHILL SUITES
STILLWATER, OK

• Priced at $6,750,000
  • 40% discount on replacement costs!
• Built 2018 | 80 ALL SUITE
• College Town
  • Oklahoma State University
• ZERO to minimal PIP