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Off Market
1/6

2809 N 14th St
Ponca City, OK 74601


HIGHLIGHTS

  • 99 Units, 3 Story, Interior Corridor Hotel
  • Formula Blue PIP to be 100% completed by July 2020
  • Located near Interstate 35 in Northern Oklahoma, Equidistant to Oklahoma City, Tulsa and Wichita
  • Opened in 2008, Built by Seller
  • Asking $47,000 per Key for Holiday Inn Express
  • Year-to-Date Revenue as of June 8th 2020 is $589,000, Almost Level with the Same Period in 2019 Despite Substantial Impact from Coronavirus

OVERVIEW

The Holiday Inn Express & Suites in Ponca City a 99 room, 3 story, interior corridor hotel that opened in 2008, located in Northern Oklahoma. Ponca City is located 1.5 hours North of Oklahoma City, Northwest of Tulsa, and South of Wichita, KS. It has a population of 25,387 as of the 2010 census. The Owner is absentee, making this an excellent opportunity to buy an IHG hotel with strong upside. The Owner is highly motivated, and offers are encouraged. Seller has already purchased all Formula Blue furniture, and has completed major renovations recently. The Formula Blue PIP is on track be 100% completed by July 2020. In cooperation with Bob Pieratt Realty Inc (OK Lic# 120382)

FOR SALE DETAILS

PRICE

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# OF ROOMS

-

CAP RATE

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BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

20215

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2008

PARKING SPACES

89

LAND DETAILS

LAND ACRES

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LAND SF

-

ZONING

0006

APN/PARCEL ID

1990-14-026-02E-2-017-00