Property Overview

OPEN HOUSE, an open walk around showing will be offered on Thursday, September 10, 2020 from 1PM to 4PM. A second OPEN HOUSE will be scheduled for 10AM to 1PM on Thursday, September 17, 2020. Date of Sheriff’s Sale: September 29, 2020 10:00AM Location: first floor of the Noble County Courthouse: 300 Courthouse Drive, Perry, OK 73077 Terms: A deposit of 10% of the winning bid in a cashiers check or cash is required by 5:00PM on the date of sale. There are no contingencies to sale and the deposit is non-refundable. The balance of the winning bid must be received within 14 days. Proper I.D. required to bid. Registration requested in advance through HotelBrokerOne, however, registrations on the day of the auction will be accepted. Minimum bid: $1,200,000. Offers below $1,200,000 will NOT be accepted. The subject of the sale is the 11 year old Holiday Inn Express located on I-35. The receiver/lender chose to temporarily shutter the hotel effective 4/13/2020. The hotel is in very good condition but will require the majority of the Formula Blue to be completed in the near future. This 67 room limited service hotel is located in the Central US, off a major US Highway and close to Interstate 35, approximately 1 hour from a major airport and in close proximity to major demand generators. Offering Memorandum and due diligence materials are available through registration. Questions regarding the process or property should be referred to Peter Holmes at 405.810.1414 or peterh@hotelbrokerone.com. Any party wishing to have their own broker may, at their own discretion, retain said outside broker. ALL outside brokerage fees are the responsibility of the buyer/bidder.

Property Highlights

Asking PriceTBD by Market
LocationInterstate 35 & US Highway 64
Property DescriptionLimited Service
Number of Rooms67
Major Source of BusinessInterstate, Manufacturing, Industrial, Transportation, Retail & Agriculture
Site Size+/- 1.82 Acres
Year Built 2009
Last Year Renovated 2015
Common Area AmenitiesBreakfast Area, Indoor Pool & Hot Tub, Business Center, Guest Laundry, Meeting Space & Fitness Center