Skip to main content

Hotel-Motel

Quality Inn & Suites Guymon

501 5th St. & Hwy. 54 E, Guymon, OK 73942

Listing Price: $3,500,000

Cap Rate
9.64%
Number of Rooms
51
RevPAR
$62
Gross SF
39,180
Price/Room
$68,627
RRM
3.23
Price/Gross SF
$89.33
Year Built
2006

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 Quality Inn & Suites Guymon (Hotel or Property). The Choice Hotels International-branded Hotel is offered at $3,500,000 or $68,627 per key.

The Hotel sits on 2.4 acres in the Oklahoma Panhandle, just off Highway 54, which records over 10,700 vehicles per day. The Hotels strategic location offers easy access to a variety of demand generators in the area such as Oklahoma Panhandle State University (11.9 miles) and No Mans Land Museum (11.3 miles). Guymon is the site of the fifth largest outdoor rodeo in the world, held annually at the Henry C. Hitch Pioneer Arena (1.9 miles). The rodeo is a weeklong event bringing in more tourism than any annual event in the Texas County. A new investor has the opportunity to acquire a well-maintained asset that benefits from its strategic location in the Hugoton-Panhandle Gas Field. The 8,500 square mile area holds an estimate of 28 trillion cubic feet of gas and produces at a rate of 1.4 trillion cubic feet per year.

The Hotel has consistently outperformed the STR-defined competitive set and recorded an average RevPAR penetration index of 117 percent since 2018. The Property recorded room revenues over $1.14 million in 2019 and an NOI of about $357 thousand or 31.1 percent of gross revenues after a 4 percent capital replacement reserve.

Investment Highlights

  • 3-Story, 51-Room, Midscale Hotel Built in 2006
  • Priced Below Replacement Cost at $68,627 Per Key
  • Excellent Location and Visibility off Highway 54
  • 1.9 Miles from the Worlds Fifth Largest Outdoor Rodeo at Henry C. Hitch Pioneer Ar
  • Average RevPAR Penetration Index of 117 Percent Since 2018
  • Strong Historic NOI over 31.1 Percent in 2019

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Hotel-Motel

Quality Inn & Suites Guymon

Listing Price: $3,500,000

Cap Rate
9.64%
Number of Rooms
51
RevPAR
$62
Gross SF
39,180
Price/Room
$68,627
RRM
3.23
Price/Gross SF
$89.33
Year Built
2006

Investment Highlights

  • 3-Story, 51-Room, Midscale Hotel Built in 2006
  • Priced Below Replacement Cost at $68,627 Per Key
  • Excellent Location and Visibility off Highway 54
  • 1.9 Miles from the Worlds Fifth Largest Outdoor Rodeo at Henry C. Hitch Pioneer Ar
  • Average RevPAR Penetration Index of 117 Percent Since 2018
  • Strong Historic NOI over 31.1 Percent in 2019

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 Quality Inn & Suites Guymon (Hotel or Property). The Choice Hotels International-branded Hotel is offered at $3,500,000 or $68,627 per key.

The Hotel sits on 2.4 acres in the Oklahoma Panhandle, just off Highway 54, which records over 10,700 vehicles per day. The Hotels strategic location offers easy access to a variety of demand generators in the area such as Oklahoma Panhandle State University (11.9 miles) and No Mans Land Museum (11.3 miles). Guymon is the site of the fifth largest outdoor rodeo in the world, held annually at the Henry C. Hitch Pioneer Arena (1.9 miles). The rodeo is a weeklong event bringing in more tourism than any annual event in the Texas County. A new investor has the opportunity to acquire a well-maintained asset that benefits from its strategic location in the Hugoton-Panhandle Gas Field. The 8,500 square mile area holds an estimate of 28 trillion cubic feet of gas and produces at a rate of 1.4 trillion cubic feet per year.

The Hotel has consistently outperformed the STR-defined competitive set and recorded an average RevPAR penetration index of 117 percent since 2018. The Property recorded room revenues over $1.14 million in 2019 and an NOI of about $357 thousand or 31.1 percent of gross revenues after a 4 percent capital replacement reserve.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

MM Texture Background
MM Textured Background Lower