Oklahoma City, OK – Paramount Lodging Advisors (PLA) successfully transacted on the Wyndham Garden Oklahoma City Airport. Austin, TX-based Sr. Managing Director Kami Burnette and Sr. Associate Mason McDavid as well as Managing Director Rob Willard represented the seller.
The 244-room hotel is optimally located approximately four miles north of Will Rogers World Airport in Oklahoma City. The new buyer is looking forward to ramping property performance after renovating the 1984-built hotel and as airline and corporate business return to pre-pandemic levels in the MSA.
“The Oklahoma City hotels were negatively impacted by COVID-19 and the virus’s impairment on the oil and gas industry. Bullish projections for energy markets have made the new owner excited to reposition the hotel with a refreshed room product and restructured F&B offering,” stated Kami Burnette.