Best Western Locust Grove Inn & Suites

For Sale

106 Holiday Ln, Locust Grove, OK 74352

This Locust Grove property for sale is located at 106 Holiday Ln. The current listed sale price for Best Western Locust Grove Inn & Suites is $2,050,000. Best Western Locust Grove Inn & Suites is situated on a lot that is 3.24 acre in size.

Contacts

broker

Andrew Post

NewGen Advisory

(805) 557-8857

Property Details

  • Property Type Other
  • Property Size 28,544 SF
  • Units 50
  • Lot Size 3.24 Acre
  • Year Built 1998
  • Year Renovated 2018
  • Date Updated Apr 10, 2024
Locust Grove, nestled in the scenic landscape of northeastern Oklahoma, has rich history, culture, and natural beauty. The town's economy sees growth through agriculture, tourism, and small business. Visitors are drawn to Locust Grove's historical sites, such as the George M. Murrell Home, and outdoor recreational opportunities at Lake Hudson and Spavinaw State Park. The local community thrives on a strong sense of closeness, with events like the Mayes County Fair bringing residents and visitors together. Locust Grove benefits from its proximity to larger cities like Tulsa and Pryor, providing access to additional amenities and economic opportunities. Locust Grove offers an appeal for both residents and businesses seeking a vibrant small-town lifestyle.The Bowman Post Group of NewGen Advisory is pleased to present for sale the Best Western Locust Grove Inn & Suites. This property is well located off Oklahoma's Highway 82 and has great proximity to many local attractions and outdoor activities. As the only branded hotel in Locust Grove, it enjoys a competitive advantage in attracting guests passing through the area or visiting nearby attractions. Broker of Record: Richard Queen | NewGen Advisory OK, LLC. | License No.: 158530

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Highlights

  • 50 Units/ 2 Stories
  • Priced to sell at $41,000/key
  • 2023 Room Revenue: $634,462
  • March 2024 Trailing Twelve Month Revenue: $667,884
  • Offered at a 3.07x Multiplier of the Trailing Twelve Month Revenue

Getting around

  • 20/100

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  • 26/100

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Location

  • City Locust Grove, OK
  • Zip Code 74352

Points of Interest

  • Kum & Go

    0.09 miles

  • Phillips 66

    0.70 miles

  • Phillips 66

    7.15 miles

  • Walmart Neighborhood Market

    0.60 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Andrew Post

NewGen Advisory

(805) 557-8857