Highlights:
• Exceptional Condition
• 2024 Room Revenue Over $2.1M
• 1/2 Billion in New Developments Nearby
• Capital and Headquarters of the Cherokee Nation
• Absentee Ownership
• Highly Desirable Assumable Financing
The Holiday Inn Express & Suites Tahlequah is a gorgeous, well-located hotel. The 80-room, 4-story, property is situated immediately off US-62 in the heart of Tahlequah, Oklahoma and is just a short trip from Tulsa International Airport. Offered well below replacement, at less than 3.9X 2024 room revenues, and at nearly a 9% CAP rate this investment class property is an outstanding opportunity for virtually any level of hospitality investor.
This hotel is conveniently located at the foothills of the Ozark Mountains. Lake Tenkiller and Lake Fort Gibson are nearby to provide virtually unlimited outdoor recreation and stunning scenery. Oklahoma State University - Tahlequah, as well as the capital and headquarters of the Cherokee Nation, are additional major demand generators.
Approximately 2 minutes from the Holiday Inn Express & Suites a new $470 million regional hospital and medical hub began construction in mid-2023 and will open in 2026. This state of the art facility will become a tremendous long term demand generator for the area. Providing healthcare for any uninsured Native American in the country, it is anticipated to be a substantial room night generator in the future.
The hotel features all typical IHG amenities including an indoor pool, business center, meeting room, guest laundry and fitness center.
There is possible assumable financing for a well-qualified purchaser at an acceptable price. Terms are highly desirable. Precise loan conditions are available with serious offer and basic prequalification.