Renaissance Waterford Oklahoma City

JLL’s Hotels & Hospitality Group, as the sole and exclusive agent, is pleased to present for sale the fee simple interest in the 196-room Renaissance Waterford Oklahoma City Hotel (the "Renaissance", "Hotel", or "Property"). This institutional-quality, full-service Hotel completed a comprehensive renovation in 2016, when current ownership infused $9 million ($46,000 per key) to convert the Property to a Renaissance Hotel from a Marriott. The Hotel is ideally located in Northwest Oklahoma City, adjacent to the affluent Nichols Hills neighborhood (+$200,000 median household income) and proximate to demand drivers such as Penn Square Mall, Lake Hefner, and the Integris Baptist Medical Center. Furthermore, the Hotel is strategically situated one mile from the I-44 Loop, providing direct access to Downtown Oklahoma City, the largest employment center in the state with 60,000 daytime employees, and Will Rogers World Airport, the busiest airport in the state with four million passengers served annually.

The offering represents a compelling opportunity to acquire an institutional-quality, full-service asset unencumbered of management and at a significant discount to replacement cost. The Renaissance ranked 3 of 7 relative to its competitive set in RevPAR index penetration in 2024, exhibiting an exceptional opportunity for a new owner to implement their own hands-on revenue management strategies and leverage a strategic renovation to further enhance top and bottom-line performance. Additionally, an investor will have the ability to re-position and re-focus the Food and Beverage department to drive revenues well beyond that of the current operator.