1650 32Nd StMuskogee, OK 74401

For Sale
$6,800,000
85-Room Marriott Brand Hotel in OK

Overview

Added:
Dec 11, 2024
Days on market:
126
This 85-key Fairfield Inn & Suites, built in 2009, presents a compelling investment opportunity in Muskogee, Oklahoma. Located at 1650 N 32nd St, Muskogee, OK 74401, this four-story interior corridor hotel boasts convenient access to US Routes 62 and 64, placing it near restaurants and major transportation arteries. The property includes valuable amenities such as meeting space, a business center, an indoor pool, and a fitness center, catering to a broad range of guests. The hotel benefits from its established presence as a Marriott brand, offering stability and brand recognition within the market. Currently operating with a 78.3% RevPar index, this property presents a clear opportunity to increase occupancy and average daily rate (ADR), maximizing revenue potential. The hotel's absentee ownership structure provides a streamlined investment experience. Muskogee's strategic location in eastern Oklahoma, near three major rivers and 50 miles southeast of Tulsa, positions it as a regional center for trade and transportation, contributing to the hotel's consistent demand. The city's rich history as a railroad hub and its picturesque setting within Oklahoma's "Green Country" further enhance its appeal. This is a rare chance to acquire a well-established, profitable hotel with significant upside potential in a thriving regional market. The asking price is $6,800,000. The seller is motivated.

Highlights

  • 85-key Fairfield Inn & Suites, Marriott-branded, interior corridor hotel.
  • Strong operational upside with a 78.3% RevPar index.
  • Significant opportunity to increase occupancy and ADR.
  • Absentee ownership, offering a streamlined investment.
  • Motivated seller.

Property Details for 1650 32Nd St

Property type
Hospitality properties, Hotels
Year Built
2009

Location Insight

City
Muskogee
County
Muskogee
State
Oklahoma
Latitude
35.7657384
Longitude
-95.4008942
1650 32Nd St, Muskogee, Oklahoma

FAQs

What type of property is this?
Hospitality property - 85-Room Marriott Brand Hotel in OK
Where is the hospitality property located?
The property is located at 1650 32Nd St Muskogee, OK.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 85-key Fairfield Inn & Suites, Marriott-branded, interior corridor hotel.; Strong operational upside with a 78.3% RevPar index.; Significant opportunity to increase occupancy and ADR.
How can I contact the broker?
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1650 32Nd St
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