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Hotel-Motel

Best Western NSU Inn

101 Reasor St, Tahlequah, OK 74464

Listing Price: $4,250,000

Cap Rate
11.20%
Number of Rooms
57
RevPAR
$58
Gross SF
23,156
Price/Room
$74,561
RRM
3.60
Price/Gross SF
$183.54
Year Built
2006

Investment Overview

Marcus & Millichap has been chosen to exclusively market the Best Western NSU Inn, a three-story interior corridor property conveniently located near Northeastern State University, ranked #25 in most affordable online college. This property contains 57 rooms with a work desk, flat screen TV, coffee maker, refrigerator, and microwave. Hotel amenities include complimentary breakfast and Wi-Fi, as well as an indoor pool, and exercise facility.

Best Western SNU Inn benefits from other local attractions such as; The Cherokee Heritage Center, Nickel Family Nature and Wildlife preserve, Illinois River Floating and the Cherokee Casino Tahlequah. There are many recreational opportunities as well within 5 miles of the Best Western NSU Inn such as Riverside Park, Sequoyah, and the Floyd H Norris Park.

Investment Highlights

  • Fully renovated in 2021 with $1.2m Capex
  • Qualifies for Auto-transfer from Best Western
  • Northeastern State University - 3 miles away
  • Cherokee Nation Headquarters (3rd largest recognized Tribe)
  • Brand new $400M Hospital & Medical Center development underway
  • Near $170M Cherokee Springs Project (restaurants, shops, and convention center)

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Hotel-Motel

Best Western NSU Inn

Listing Price: $4,250,000

Cap Rate
11.20%
Number of Rooms
57
RevPAR
$58
Gross SF
23,156
Price/Room
$74,561
RRM
3.60
Price/Gross SF
$183.54
Year Built
2006

Investment Highlights

  • Fully renovated in 2021 with $1.2m Capex
  • Qualifies for Auto-transfer from Best Western
  • Northeastern State University - 3 miles away
  • Cherokee Nation Headquarters (3rd largest recognized Tribe)
  • Brand new $400M Hospital & Medical Center development underway
  • Near $170M Cherokee Springs Project (restaurants, shops, and convention center)

Investment Overview

Marcus & Millichap has been chosen to exclusively market the Best Western NSU Inn, a three-story interior corridor property conveniently located near Northeastern State University, ranked #25 in most affordable online college. This property contains 57 rooms with a work desk, flat screen TV, coffee maker, refrigerator, and microwave. Hotel amenities include complimentary breakfast and Wi-Fi, as well as an indoor pool, and exercise facility. Best Western SNU Inn benefits from other local attractions such as; The Cherokee Heritage Center, Nickel Family Nature and Wildlife preserve, Illinois River Floating and the Cherokee Casino Tahlequah. There are many recreational opportunities as well within 5 miles of the Best Western NSU Inn such as Riverside Park, Sequoyah, and the Floyd H Norris Park.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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