Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Motel 6 Muskogee (‘Hotel’ or ‘Property’) located in Muskogee, Oklahoma. The G6 Hospitality-branded Hotel is offered at $1,950,000 or $24,074 per key. Motel 6 Muskogee is an 81-room, two-story Hotel stationed at 903 S 32nd Street in Muskogee, Oklahoma, just off U.S. Highway 64. Various common area amenities at the Property include vending machines, a laundry facility, and parking to accommodate trucks. Muskogee, Oklahoma is located along the Arkansas River near the halfway point between Tulsa (48 mi) and Okmulgee (38 mi). The thirteenth-largest city in the state, Muskogee is an economic center for eastern Oklahoma and home to several industrial activities. Muskogee's largest employers primarily include companies in the healthcare and manufacturing industries, such as Muskogee Regional Medical Center, and manufacturers such as Ducommun Incorporated, and Whirlpool Corporation. The city’s largest employer, Georgia-Pacific, maintains a tissue, paper towel, and napkin manufacturing plant in Muskogee and provides employment to over 800 workers for its 2.9 million square foot facility. Another notable employer, OBE Muskogee Power Plant is in the neighboring city of Fort Gibson and provides a substantial contribution to both cities’ economies. The city also has a large public sector, with the Muskogee Public Schools and the City of Muskogee among the largest employers. Additionally, Bacone College, is a private liberal arts college with a focus on American Indian studies and one of the city’s largest employers. Known for its historic downtown area, Muskogee features several preserved buildings from the city’s early days. Entertainment demand drivers for the city include Honor Heights Park (2.8 mi), the Oklahoma Music Hall of Fame (2.1 mi), Muskogee War Memorial Park: Home of the USS Batfish (8.6 mi), Thunderbird Speedway (3.0 mi), and Muskogee Country Club (6.7 mi). Furthermore, the most popular museums in the area include the Five Civilized Tribes Museum (2.3 mi) and the Three Rivers Museum (2.1 mi). An important historical facet of the state’s history and a popular stop for tourists, the Five Civilized Tribes Museum tells the story of the Cherokee, Creek, Choctaw, Chickasaw, and Seminole tribes that were forcibly resettled in Indian Territory, which later became Oklahoma. In 2022, the Property exceeded $682 thousand in room revenue and a net operating income greater than $172 thousand, or 24.9 percent of gross revenues, after a 4 percent capital replacement reserve. A prospective buyer should be able to capitalize on the value-add asset’s anticipated increase in RevPAR from better revenue management, not only benefiting from increased market share but also higher NOI flow-through.