2142 Mahaney Ave - Hospitality FOR SALE


Tahlequah, OK 74464
$8,200,000 USD
405-810-1414
2142 Mahaney Ave, Tahlequah, OK for Sale
$8,200,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

2142 Mahaney Ave
Tahlequah, OK 74464


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,200,000 USD

PRICE/SF

$723 USD /SF

# OF ROOMS

80

PRICE/ROOM

$102,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Tahlequah

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

Commercial

APN/PARCEL ID

3098-00-000-000-0-000-00

ASK ABOUT THIS PROPERTY

Amber CopelandHotelBrokerOneMore Info
405-810-1414

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Amber CopelandHotelBrokerOneMore Info
405-810-1414

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