For Sale
$1,650,000

2801 State Hwy Elk City, OK 73644

55-Room Super 8, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 55-room Super 8 by Wyndham hotel presents a lucrative investment opportunity in Elk City, Oklahoma. Situated on a 2.13-acre lot at 2801 E State Hwy 66, this two-story, interior-corridor property boasts 12,934 square feet and offers a compelling combination of established brand recognition and strong operational performance. Built in 1981 and renovated in 2019, the hotel features a spacious lobby and breakfast area, catering to the needs of both business and leisure travelers. Amenities include a guest laundry, business center, and outdoor pool, along with in-room TVs and mini-fridges. Its strategic location directly off I-40 and Historic U.S. Route 66 ensures high visibility and accessibility, benefiting from proximity to the Elk City Regional Business Airport (just 2 miles away), the Old Town Museum, and downtown Elk City. The property's large lot allows ample parking for buses and trucks, a significant advantage given the presence of numerous construction and oil-gas companies in the area that frequently utilize the hotel. Further enhancing its appeal, the property includes an on-site manager's apartment complete with a two-car garage. The hotel operates under a C-2 permitted zoning classification. The asking price is $1,650,000, translating to a price per square foot of $127.57. This turnkey operation offers a rare chance to acquire a well-maintained, high-demand hotel in a thriving market. The property's APN is 0425-13-011-021-0-020-00.

Highlights

  • 55 guest rooms
  • Spacious lobby with seating area
  • Breakfast area for guests
  • Guest laundry facilities
  • Business center with workspace
  • Outdoor swimming pool

Property Details for 2801 State Hwy

Property type
Hospitality properties, Motels
Square Feet
12,934 SF
Year Built/Renovated
1981/2019
Buildings
1
Stories
2
Lot Size (sq. ft)
92,783 SF

Location Insight

City
Elk City
County
Beckham
State
Oklahoma
Latitude
35.4226028
Longitude
-99.3713904

FAQs

What type of property is this?
Hospitality property - 55-Room Super 8, High-Traffic Location
Where is the hospitality property located?
The property is located at 2801 State Hwy Elk City, OK.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 55 guest rooms; Spacious lobby with seating area; Breakfast area for guests
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2801 State Hwy
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