Institutional Seller | Fairfield by Marriott Inn & Suites Norman

Highlights:

• Strategic Location in a Dynamic and Growing Universty Market:The Fairfield Inn & Suites Norman benefits from its strategic location just 4.4 miles from the University of Oklahoma, one of the state’s largest and most prestigious institutions, serving more than 31,000 students. The Hotel is also proximate to Norman Regional Hospital (3.8 miles) and the National Weather Center (4.7 miles), both of which contribute steady year-round corporate and healthcare demand. Future growth in the market is supported by the proposed $1 billion Rock Creek Entertainment District, a large-scale mixed-use development that will include a new University of Oklahoma basketball arena, retail, housing, and entertainment venues, solidifying Norman as a rapidly expanding submarket within the Oklahoma City metro area.
• Significant Operational Upside: The Hotel is currently institutionally owned and third-party operated, offering a new owner the opportunity to capture operational upside through hands-on management and localized revenue initiatives. Further improvement can be realized through enhanced yield management, targeted sales efforts, and a focused approach to cost containment.
• Offered Below Replacement Cost: The Hotel is being offered below replacement cost, providing an attractive basis for an incoming owner in a growing university and corporate market. Supported by strong demand from the University of Oklahoma, Norman Regional Hospital, and the National Weather Center, the Property offers a compelling opportunity to enter the market at a discount to today’s replacement cost.

Description:

Ri Marketplace Online Auction December 15th-17th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2915/institutional-seller-fairfield-by-marriott-inn-suites-norman?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=hospitality_2915

Hunter Hotel Advisors has been exclusively engaged to market the 74-room, 3-story Fairfield Inn & Suites Norman Oklahoma (the “Hotel”). The property is available via the RI Marketplace Auction on December 15th to December 17th. The Hotel represents a rare opportunity to acquire an institutionally owned, Marriott-branded select-service asset offered below replacement cost and strategically positioned within one of the most dynamic submarkets in the Oklahoma City metropolitan area. The Hotel benefits from strong and diversified demand anchored by the University of Oklahoma, Norman Regional Hospital, and the National Weather Center. Future market growth is bolstered by the proposed $1 billion Rock Creek Entertainment District, a transformative mixed-use development that will feature a new University of Oklahoma basketball arena, retail, housing, and entertainment venues. The Hotel is currently third-party operated and being offered unencumbered of management, providing a new owner the opportunity to enhance performance through improved expense controls, targeted revenue strategies, and hands-on oversight.

Property Tours
Property tours are available by appointment only. Please reach out to Mason McDavid, mason.mcdavid@hunterhotels.net | (214) 549-2125, to schedule.


Richard Shawn Terrel
c/o Fisher Auction Company Inc.
License: BK#: 134099
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: