Holiday Inn Express & Suites Okmulgee

For Sale

2780 North Wood Drive, Okmulgee, OK 74447

This Okmulgee property for sale is located at 2780 North Wood Drive. The current listed sale price for Holiday Inn Express & Suites Okmulgee is $7,647,000. Holiday Inn Express & Suites Okmulgee is situated on a lot that is 3 acre in size.

Contacts

broker

Maya Patel

NewGen Advisory

(405) 305-9083

Property Details

  • Property Type Other
  • Property Size 41,271 SF
  • Units 67
  • Lot Size 3 Acre
  • Year Built 2010
  • Date Updated Feb 28, 2024
Okmulgee hotel is across from Creek Nation Complex. It's nice to enjoy easy access to I-75 and a hotel location near Tulsa during your vacation or business trip.Maya 'Tina' Patel of NewGen Advisory is pleased to present for sale Holiday Inn Express and Suites, located in Okmulgee, Oklahoma. This 67-unit, three story interior corridor property is located off U.S. Route 75 which is a short 30 minute drive south of Tulsa. This property is being offered unencumbered of management, represents an opportunity to acquire an IHG-branded limited-service asset built in 2010. The asset underwent a full Formula Blue renovation from 2021-2023 including the lobby, breakfast area, business center, fitness center, guest rooms and guestroom corridors plus pool area and the PIP was fully completed as of Summer 2023 and the new owner can expect very minimal buyer's PIP if any when acquiring this property. This hotel is conveniently located across from Creek Nation Complex, providing easy access to US Route 75 to start your journey through the Muscogee Nation. Just minutes from businesses such as Anchor Glass Container Corporation, Covington Aircraft and Coca-Cola. This property provides convenient access to many outdoor attractions, including Dripping Springs Lake and Park and the Oklahoma Game and Wildlife Refuge. Adults can participate in a wine tasting at Natura Vines Winery and gaming at the Okmulgee Creek Nation Casino. The hotel offers fantastic amenities, including an indoor, heated pool, a well-equipped Fitness Center, and a complimentary Express Start breakfast bar. Okmulgee is a vibrant town with year-round business and leisure activities, making this a great investment opportunity for those seeking a low-maintenance property with excellent performance.

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Highlights

  • Formula blue PIP completed as of fall/winter 2023.
  • Trailing 12-month revenue of $2MM+ with 12% cap with ongoing renovations during these months.
  • Projected revenue for 2024 is $2.2MM+ with 13%-14% cap as renovations is now completed.
  • 45 Miles away from Tulsa International Airport (TUL)
  • Short drive to many leisure and industrial focal points surrounding Okmulgee, OK

Getting around

  • 15/100

    Walk Score ®

  • 31/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Okmulgee, OK
  • Neighborhood Okmulgee
  • Zip Code 74447
  • Market Tulsa

Points of Interest

  • Creek Nation Travel Plaza

    0.22 miles

  • Murphy USA

    2.72 miles

  • College of the Muscogee Nation

    1.65 miles

  • Beggs Public Schools Administration Office

    9.90 miles

  • Days Inn by Wyndham Okmulgee

    2.35 miles

  • Walmart Supercenter

    2.66 miles

  • 2000 Center

    2.78 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

Maya Patel

NewGen Advisory

(405) 305-9083