US Highway 412, Enid, OK 74079

The Candlewood is the premier extended stay hotel within the Enid market and one of the most successful properties in the NW quadrant of the entire state of Oklahoma. Extended stay remains the most profitable and consistent segment in hospitality investment.

Built with typical brand amenities including full kitchens, fitness center, guest laundry, outdoor entertainment area, and market, the 81 room all kitchenette hotel would benefit from a more focused ownership and management group.

Constructed in 2016, the hotel will have a moderate IHG change of ownership PIP required for a new purchaser but is in overall very good condition.

Candlewood Suites offers excellent visibility from US Highway 412 (Owen K. Garriott Rd) and easy access to Enid's key demand generators. The hotel benefits from its close proximity to major local demand drivers, including Vance Air Force Base — one of the U.S. Air Force's premier pilot training installations located directly south of the hotel — which supports a significant military and civilian workforce in the region. In addition, Enid is home to one of the largest nitrogen fertilizer production facilities in the country. Owned by Koch Nitrogen, the facility just underwent a significant expansion, including a reported $1.3B modernization project, reinforcing its role as a key industrial employer and economic engine for Garfield County. Other key demand generators in the immediate area include Tyson, RENEW Energy, and the Stride Bank Regional Convention Center amongst others.

The owner is pursuing all realistic offers.