Priced at 2.75 times 2021 room gross with 2022 numbers trending even further up. At $22,200 per key it is offered at approximately 25% of replacement cost.
The Motel 6 in very good condition and has excellent upside. Current ownership is absentee.
Approximately 45 minutes from Tulsa, the hotel is located in Muskogee, Oklahoma. Muskogee is a regional hub for a number of large employers including the Veteran's Administration (1600 employees) and the VA Medical Center (1200 employees). Other large demand generators include the St. Francis Hospital Complex, Georgia Pacific Paper Manufacturing, Dal-Tile, Acme Engineering and Love Bottling Company. The hotel is also located near the U.S.S. Batfish Submarine and Military Museum, Three Rivers Museum, Eagle Crest Golf Course, and the Pecan Creek Winery.
Rooms were renovated several years ago and should have little PIP required for a new owner. Standard Motel 6 amenities and brand standards. Also the hotel includes truck and bus parking and a seasonal outdoor pool.
|Property Description||Limited Service|
|Number of Rooms||81|
|Major Source of Business||Interstate, Tourism, Education, Manufacturing, Transportation & Corporate|
|Site Size||+/- 3.50 Acres|
|Common Area Amenities||Breakfast Area, Outdoor Pool, Business Center, Guest Laundry & WiFi|