A rare opportunity to own an established, purpose-built hospitality business with strong financials and expansion potential. Located in central downtown Norman, this 10 guest room landmark property incorporates nostalgic design with modern amenities that attract today’s leisure, business and university traveler looking for a unique experience.
At just over half an acre located on a tree lined street, the property includes the main Inn with its indoor and outdoor gathering spaces, and guest parking. There are a total of 10 guest rooms and suites and a lovely 2200 sq ft. modern private owner’s home is also included in this sale. The owner’s home is located on a separate lot across the street from the Inn.
Ample parking and outdoor guest space create a getaway in the midst of the action. Guests can walk to the beautiful bustling University of Oklahoma campus and enjoy Central Norman’s thriving and rapidly growing area – Downtown Merchants and Restaurants, Entertainment, Rail District, Norman’s Central Library, Andrew’s Park and a vibrant business community.
This is a family built, owned and operated business. One owner since its creation almost 30 years ago. The opportunity for business growth is evident at every turn. Norman is a large vibrant university town minutes from Oklahoma City with many ways to leverage the real property and the hospitality business. The Inn and owner’s home are priced at $1,975,000.
The sellers own additional properties on the same street that may be available to a buyer.
Sellers retiring after 29 years.
Cash or commercial financing. Sellers lender is interested in speaking with qualified buyers. Full financials are available to qualified buyers