Property Overview

This iconic old Route 66, 82-room hotel (60 operating) is located just off I-40 in Clinton, Oklahoma. Its biggest claim to fame was that during the early 1960's the hotel was a regular stop for Elvis Presley and his entourage. The offering package includes an extensive history of the hotel and its truly interesting tie to the King of Rock and Roll and a unique tie to the Disney Pixar movie "Cars".

The hotel has been leased for over a decade to the same lessee who will be vacating the hotel upon sale. The property is across the street from the Route 66 Museum and close to a variety of historic Route 66 attractions, including several on the National Registry of Historic Building and Places. Other nearby demand generators and local attractions include Southwestern Oklahoma State University, the US Indian Hospital, Riverside Golf Course, Lucky Star Casino, Foss Lake and the Washita National Wildlife Preserve. The hotel is just a bit over an hour from Oklahoma City. 

Hotel amenities include a guest laundry, free wireless Internet, business center, a courtyard and an outdoor pool (currently mothballed). The rooms include typical amenities such as flat screen TVs, free wireless internet, work desk, mini-fridge and microwave. There are multiple national food, gas and retail chains nearby. Truly SIGNIFICANT upside for new, hands-on owner. This hotel has the true potential to be a popular tourist stop on the "Mother Road" with a bit of remodeling, proper social media placement, and a visionary owner. Highly motivated seller is seeking immediate offers. 

Property Highlights

Asking Price$890,000
LocationOn Route 66, 1 block south of I-40
Property DescriptionLimited Service
Number of Rooms82
Major Source of BusinessTourism, Highway, Casino, Energy
Site Size+/- 1.27 Acres
Year Built 1963
Last Year Renovated 2011
Common Area Amenities24/7 Front Desk, Guest Laundry, Restaurant Adjacent, Outdoor Courtyard, Mothballed Outdoor Pool & Business Center