Landmark Oklahoma Hospitality Property
Norman, Oklahoma
Property Overview
A rare opportunity to own an established, purpose-built hospitality business with a solid financial history and growth 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
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 lively college sports scene. 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.
The lovely modern 2229sq. ft. owners home located across the street from the Inn is available for sale separately at $550,000.
About the Owner's Quarters
Sold separately for $550k. Located across the tree lined street from the Inn. Built in 2017, lovely modern home.
Business Description:
This is a family built, owned and operated business. One owner since its creation 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 10 guest room Inn is priced at $1,100,000.00 including the real property, business contents, marketing collateral, web site, guest list and advanced reservations.
Terms of Sale:
Cash or commercial financing. Sellers lender is interested in speaking with qualified buyers. Full financials are available to qualified buyers.
Carol Edmondson (Broker)
508-237-1617
InnAdvisors
Sq Ft:
5,519
Owner's Quarters Sq Ft:
2,200
Acres:
0.51
Year Built:
1994
Years in Business:
