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Hotel-Motel

Holiday Inn Express & Suites Okmulgee

2780 N Wood Dr, Okmulgee, OK 74447

Listing Price: $6,950,000

Cap Rate
10.60%
Number of Rooms
67
RevPAR
$75
Gross SF
51,928
Price/Room
$103,731
RRM
3.70
Price/Gross SF
$133.84
Year Built
2010

Investment Overview

Marcus & Millichap is pleased to present the Holiday Inn Express & Suites Okmulgee, a 67-key hotel strategically located at 2780 N Wood Drive. The property sits directly across from the newly opened Muscogee Creek Nation Headquarters, a major regional employment and administrative hub that generates steady government, healthcare, contractor, and inter-tribal lodging demand throughout the year.

The hotel benefits from strong commercial and leisure drivers, including Highway 75 access, proximity to Tulsa, and demand from employers such as Anchor Glass, Covington Aircraft, Coca-Cola, and multiple tribal departments. Nearby lakes, wildlife areas, winery attractions, and the Creek Nation Casino further diversify year-round visitation. The City of Okmulgee has also brought 5.9 acres of adjacent commercially zoned land to market, creating a potential future retail catalyst that could support long-term ADR growth.

With limited local hotel supply, stable cash flow, and a recent IHG quality review confirming primarily operational improvements, the asset represents a compelling investment opportunity. The Change-of-Ownership PIP allows for phased soft-goods updates, aligning capital planning with ongoing performance while benefiting from institutional demand and an emerging development corridor.

Investment Highlights

  • Priced with an in-place 10.3 Percent Cap Rate, Providing Over $260k of Cash Flow After Service
  • Strong In-Place DCR - Conventional and SBA Loan Options Available
  • Adjacent to Muscogee (Creek) Nation Headquarters, 4th Largest Tribe in US Holding Multiple Events Annually (New HQ opened Dec 2025)
  • 1 of Only 2 Franchised Hotels in MSA (Best Western), No New Hotels in Pipeline
  • Located Right Off Highway 75 Which Sees 21.9K VPD, the Main Street that Goes Through the City
  • 30 Minutes from Tulsa, 90 Minutes from Oklahoma City

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Hotel-Motel

Holiday Inn Express & Suites Okmulgee

Listing Price: $6,950,000

Cap Rate
10.60%
Number of Rooms
67
RevPAR
$75
Gross SF
51,928
Price/Room
$103,731
RRM
3.70
Price/Gross SF
$133.84
Year Built
2010

Investment Highlights

  • Priced with an in-place 10.3 Percent Cap Rate, Providing Over $260k of Cash Flow After Service
  • Strong In-Place DCR - Conventional and SBA Loan Options Available
  • Adjacent to Muscogee (Creek) Nation Headquarters, 4th Largest Tribe in US Holding Multiple Events Annually (New HQ opened Dec 2025)
  • 1 of Only 2 Franchised Hotels in MSA (Best Western), No New Hotels in Pipeline
  • Located Right Off Highway 75 Which Sees 21.9K VPD, the Main Street that Goes Through the City
  • 30 Minutes from Tulsa, 90 Minutes from Oklahoma City

Investment Overview

Marcus & Millichap is pleased to present the Holiday Inn Express & Suites Okmulgee, a 67-key hotel strategically located at 2780 N Wood Drive. The property sits directly across from the newly opened Muscogee Creek Nation Headquarters, a major regional employment and administrative hub that generates steady government, healthcare, contractor, and inter-tribal lodging demand throughout the year. The hotel benefits from strong commercial and leisure drivers, including Highway 75 access, proximity to Tulsa, and demand from employers such as Anchor Glass, Covington Aircraft, Coca-Cola, and multiple tribal departments. Nearby lakes, wildlife areas, winery attractions, and the Creek Nation Casino further diversify year-round visitation. The City of Okmulgee has also brought 5.9 acres of adjacent commercially zoned land to market, creating a potential future retail catalyst that could support long-term ADR growth. With limited local hotel supply, stable cash flow, and a recent IHG quality review confirming primarily operational improvements, the asset represents a compelling investment opportunity. The Change-of-Ownership PIP allows for phased soft-goods updates, aligning capital planning with ongoing performance while benefiting from institutional demand and an emerging development corridor.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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