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- LoopNet Team
5815 K L Dr
Enid, OK 73703
SpringHill Suites by Marriott · Hospitality Property For Sale · 45,295 SF
Investment Highlights
- 88 Units, 4 Story, Interior Corridor Marriott Hotel Built in 2012 by Current Owner. Located North of OKC, West of Interstate 35
- Fully Renovated: Owner's PIP 100%
- Koch Announced a Major Expansion Project to it's Nitrogen Plant Beginning Construction in Late 2020
- Room Revenue in June 2020: $150,851 Despite Coronavirus Impact
- Excellent Upside with Absentee Owner
- One of the Only Hotels in Enid with a Full-Service Club Bar/Lounge and 3,000 (+/-) Sq. Ft. Banquet Hall
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2012/2019 |
| Building Class | B | Parking Ratio | 1.94/1,000 SF |
| Lot Size | 2.60 AC | Corridor | Interior |
| Building Size | 45,295 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.60 AC |
| Building Size | 45,295 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2012/2019 |
| Parking Ratio | 1.94/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
About 5815 K L Dr , Enid, OK 73703
The SpringHill Suites by Marriott in Enid is a 7 year old 88 all-suite property, located in Northern Oklahoma, west of Interstate 35. This is an excellent opportunity to own a turn-key, 4 story, interior corridor, Marriott extended stay hotel with an absentee Seller and Owner's PIP that is 100% completed. Enid is located 1.5 hours North of Oklahoma City, and has a population of 49,370 as of the 2010 census. In 2019, the Oklahoma State Chamber of Commerce ranked Enid as ""The best Oklahoma city in which to live. The hotel was built in 2012, and has fully completed it's required renovation work for the Owner's PIP. There are 2 elevators, and a 3,000 (+/-) sq ft banquet room (largest banquet room in Enid) and separate club/bar lounge on-site two rooms. The hotel sits on 2.6 (+/-) acres with ample parking. In total the hotel has 2 meeting rooms with 4,032 sq ft of total meeting space that have a capacity of 100 people each, and a boardroom that has a max capacity of 35 people. All Suites have a living area that has a couch which is also a hide-a-bed, desk and chair for business needs, a flat screen tv, mini fridge, coffee maker and microwave. In cooperation with Bob Pieratt Real Estate Inc (OK Lic # 120382)
PROPERTY TAXES
| Parcel Number | 0000-16-22N-07W-1-103-00 | Improvements Assessment | $910,517 |
| Land Assessment | $127,858 | Total Assessment | $1,038,375 |
PROPERTY TAXES
zoning
| Zoning Code | C3 |
| C3 |
