201 SE Interstate Dr - Hospitality FOR SALE


Lawton, OK 73501
$5,750,000 USD
661-978-3109
201 SE Interstate Dr, Lawton, OK for Sale
$5,750,000 USD
Hospitality - FOR SALE
1/12
null | 9.25% Cap Rate

201 SE Interstate Dr
Lawton, OK 73501


HIGHLIGHTS

  • Offered at a cap rate of 9.25%
  • PIP completed 2022
  • Below Replacement Cost at ~$83,000/Key
  • Excellent opportunity for an Owner Operator or 1st time buyer:
  • Property is currently operated by Third Party Management company, which will be removed upon Sale.
  • Consistent Revenue Year over Year

OVERVIEW

Highlights & Location: **The Comfort Suites is located only 7 minutes away from the Apache Casino & Event Center and only 6 minutes away from the Comanche Nation Casino; 2 popular local attractions. **Also nearby is the Lawton-Fort Sill Regional Airport located 10 minutes from the hotel. ****3 Non-Stop flights from Dallas to Lawton daily which makes getting to the Hotel very convenient for remote operators. **Other popular attractions nearby are the Wichita Mountain Wildlife Refuge and Lake Ellsworth. **Additionally, the hotel is about 12 minutes away from Fort Sill Military base, which generates many room nights for GOVERNMENT Business Oklahoma Broker of Record: Brian Brockman Bor@bangrealty.com OK DRE 177814

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$109 USD /SF

# OF ROOMS

74

PRICE/ROOM

$77,703 {currency}

CAP RATE

9.25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Suites Lawton, OK

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

152

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

Commercial

APN/PARCEL ID

0082854

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.