Hotel-Motel
Holiday Inn Express & Suites Tahlequah
2142 Mahaney Ave, Tahlequah, OK 74464
Listing Price: $8,500,000
Investment Overview
The Holiday Inn Express & Suites Tahlequah presents the opportunity to acquire a newer-generation, institutional-quality hotel positioned to benefit from multiple long-term demand drivers. Recent public investment, led by the new $470 million W.W. Hastings Hospital and more than $638 million of active and announced development, complements an already diversified lodging market supported by Cherokee Nation, healthcare, education, government, corporate, group, and leisure demand. Combined with strong historical revenue growth and a limited change-of-ownership PIP, the Property offers stable in-place cash flow with the potential for future growth as new demand continues to materialize.
As an additional opportunity, the purchaser may acquire the seller's development rights for a proposed Home2 Suites by Hilton on a separate parcel located less than one mile from the subject property. The seller has elected not to pursue development, creating a rare opportunity to control what would become the only extended-stay hotel in the Tahlequah MSA, subject to Hilton approval and customary development requirements.
Investment Highlights
- NEW $470M CHEROKEE NATION HOSPITAL (OPENED JULY 2026) - 2.0 miles from the Hotel, the 400,000-square-foot W.W. Hastings Hospital will create a significant long-term healthcare demand generator
- DIVERSIFIED YEAR-ROUND DEMAND - Generated by healthcare, Cherokee Nation, Northeastern State University, government, group, corporate, and leisure travel.
- ROOM REVENUE UP 35% SINCE 2020 - T12 June room revenue has increased approximately 35% since 2020, demonstrating sustained demand growth and strong operating performance.
- ATTRACTIVE IN-PLACE CASH FLOW - The Property is offered at an 11% in-place cap rate with a limited change-of-ownership PIP consisting primarily of cosmetic improvements.
- $638 MILLION OF ACTIVE & ANNOUNCED INVESTMENT - More than $638 million of active and announced public investment is supporting employment growth, contractor demand, and long-term visitation.
- CURRENT PERFORMANCE DOES NOT YET REFLECT NEW HOSPITAL DEMAND - Historical operating results largely predate the July 2026 opening of the new W.W. Hastings Hospital, providing potential upside as demand matures.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
Listing Price: $8,500,000
Investment Highlights
- NEW $470M CHEROKEE NATION HOSPITAL (OPENED JULY 2026) - 2.0 miles from the Hotel, the 400,000-square-foot W.W. Hastings Hospital will create a significant long-term healthcare demand generator
- DIVERSIFIED YEAR-ROUND DEMAND - Generated by healthcare, Cherokee Nation, Northeastern State University, government, group, corporate, and leisure travel.
- ROOM REVENUE UP 35% SINCE 2020 - T12 June room revenue has increased approximately 35% since 2020, demonstrating sustained demand growth and strong operating performance.
- ATTRACTIVE IN-PLACE CASH FLOW - The Property is offered at an 11% in-place cap rate with a limited change-of-ownership PIP consisting primarily of cosmetic improvements.
- $638 MILLION OF ACTIVE & ANNOUNCED INVESTMENT - More than $638 million of active and announced public investment is supporting employment growth, contractor demand, and long-term visitation.
- CURRENT PERFORMANCE DOES NOT YET REFLECT NEW HOSPITAL DEMAND - Historical operating results largely predate the July 2026 opening of the new W.W. Hastings Hospital, providing potential upside as demand matures.
Investment Overview
The Holiday Inn Express & Suites Tahlequah presents the opportunity to acquire a newer-generation, institutional-quality hotel positioned to benefit from multiple long-term demand drivers. Recent public investment, led by the new $470 million W.W. Hastings Hospital and more than $638 million of active and announced development, complements an already diversified lodging market supported by Cherokee Nation, healthcare, education, government, corporate, group, and leisure demand. Combined with strong historical revenue growth and a limited change-of-ownership PIP, the Property offers stable in-place cash flow with the potential for future growth as new demand continues to materialize. As an additional opportunity, the purchaser may acquire the seller's development rights for a proposed Home2 Suites by Hilton on a separate parcel located less than one mile from the subject property. The seller has elected not to pursue development, creating a rare opportunity to control what would become the only extended-stay hotel in the Tahlequah MSA, subject to Hilton approval and customary development requirements.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By