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Hotel-Motel

Holiday Inn Express & Suites Stillwater University Area

700 E Krayler Ave, Stillwater, OK 74075

Listing Price: $5,250,000

Number of Rooms
74
RevPAR
$52
Gross SF
60,423
Price/Room
$70,946
RRM
3.90
Price/Gross SF
$86.89
Year Built
2016

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Stillwater University Area, a three-story hotel located in Stillwater, Oklahoma. Built in 2016, the hotel offers amenities including an outdoor pool, fitness center, complimentary breakfast, guest laundry facilities, sundry shop and more. Business amenities include a business center and 1,400 square feet of meeting space.

The property is ideally located one hour from both Oklahoma City and Tulsa. The hotel benefits from its location near the Oklahoma State University campus. The university enrolls more than 24,000 students and is home to the 55,000-seat Boone Pickens Stadium, a top sports and entertainment destination in the area.

The Holiday Inn Express & Suites Stillwater University Area represents the opportunity to acquire a franchised hotel in a stable market at a reasonable price. A savvy investor will have the opportunity to acquire a business that has not yet reached its peak in sales revenue and improve efficiencies. Our Pro Forma analysis assumes continued modest RevPAR growth over the next several years supported by the increasing population and demand growth in the region.

Investment Highlights

  • Three-Story, Interior Corridor, IHG-Branded Hotel Built in 2016
  • Management Upside Opportunity
  • Ideally Located Off of U.S. Route 177, 1 Mile to Downtown Stillwater and 1 Hour from OKC & Tulsa
  • 3 Miles to OSU (24k+ Enrollment)
  • The OSU Campus Features the Boone Pickens Stadium (55k Seats), Nat'l Wrestling Hall of Fame, Botanic Gardens, Art Museum and More
  • 1 Mile from "The HUB" Development, a New Family Entertainment Center Coming to Stillwater
  • 20 Miles to Cushing, Oklahoma, known as the "Pipeline Crossroads of the World" | Home to Newly Announced $5.5B Oil Refinery Development

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Hotel-Motel

Holiday Inn Express & Suites Stillwater University Area

Listing Price: $5,250,000

Number of Rooms
74
RevPAR
$52
Gross SF
60,423
Price/Room
$70,946
RRM
3.90
Price/Gross SF
$86.89
Year Built
2016

Investment Highlights

  • Three-Story, Interior Corridor, IHG-Branded Hotel Built in 2016
  • Management Upside Opportunity
  • Ideally Located Off of U.S. Route 177, 1 Mile to Downtown Stillwater and 1 Hour from OKC & Tulsa
  • 3 Miles to OSU (24k+ Enrollment)
  • The OSU Campus Features the Boone Pickens Stadium (55k Seats), Nat'l Wrestling Hall of Fame, Botanic Gardens, Art Museum and More
  • 1 Mile from "The HUB" Development, a New Family Entertainment Center Coming to Stillwater
  • 20 Miles to Cushing, Oklahoma, known as the "Pipeline Crossroads of the World" | Home to Newly Announced $5.5B Oil Refinery Development

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Stillwater University Area, a three-story hotel located in Stillwater, Oklahoma. Built in 2016, the hotel offers amenities including an outdoor pool, fitness center, complimentary breakfast, guest laundry facilities, sundry shop and more. Business amenities include a business center and 1,400 square feet of meeting space. The property is ideally located one hour from both Oklahoma City and Tulsa. The hotel benefits from its location near the Oklahoma State University campus. The university enrolls more than 24,000 students and is home to the 55,000-seat Boone Pickens Stadium, a top sports and entertainment destination in the area. The Holiday Inn Express & Suites Stillwater University Area represents the opportunity to acquire a franchised hotel in a stable market at a reasonable price. A savvy investor will have the opportunity to acquire a business that has not yet reached its peak in sales revenue and improve efficiencies. Our Pro Forma analysis assumes continued modest RevPAR growth over the next several years supported by the increasing population and demand growth in the region.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

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