2227 E Oklahoma Ave - Hospitality FOR SALE


Guthrie, OK 73044
$7,200,000 USD
405-406-1126
2227 E Oklahoma Ave, Guthrie, OK for Sale
$7,200,000 USD
Hospitality - FOR SALE
1/16
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2227 E Oklahoma Ave
Guthrie, OK 73044


HIGHLIGHTS

  • Formula Blue 2.0 PIP completed in September 2024 and new roof installed in October of 2024.
  • Trailing Twelve-Month room revenue ending May 2025 is $1,796,821.38. 2024 room revenue is $1,647,511.56
  • With 7 months to go, the room revenue for May 2025 is almost $150,000.00 more compared to May 2024.
  • The hotel is conservatively projected to do in excess of $1,900,000.00 and possibly closer to $2,000,000.00 by year end 2025.
  • Considerable operational upside with repositioning a completely renovated property to meet market demand and gain competitive edge.
  • A new, 10-year license agreement with InterContinental Hotels Group (IHG).

OVERVIEW

Metro Brokers of Oklahoma is pleased to present you with the exclusive opportunity to acquire the 88-room Holiday Inn Express and Suites in Gutherie, Oklahoma. The 4-story interior corridor hotel represents an excellent opportunity for qualified investors who wish to acquire a fee-simple interest in a highly desirable upper-midscale, limited-service IHG-franchised hotel. The hotel is located off Highway 33 (East Nobel Avenue) with excellent access and visibility from Interstate 35 to its immediate east, making it an attractive lodging option for leisure and transient guests from the approximately 34,000 interstate vehicles passing by daily. Optimally located within 25 and 45 minutes to the south from Edmond and Oklahoma City respectively and 40 minutes from Stillwater to the northeast. The hotel benefits from its proximity to Langston University, and from being situated in a stable, business friendly and rapidly growing city offering a regional airport, medical center, manufacturing, industrial, agricultural enterprises and an influx of tourism from the areas leisure demand like the Lazy E Arena, Guthrie’s renowned Historic District which includes 6 museums, the world’s largest Scottish Rite Masonic Temple, the Pollard Theatre, Double Stop Music Hall and the city’s arts district. The Hotel was purchased by the current owner in May of 2022. A simple change in operational practices produced a consistent year-to-year increase in room revenue and profitability. Furthermore, from March 2023 through September 2024, ownership spent upwards of $2,500,000.00 on a hotel-wide renovation towards the Formula Blue 2.0 PIP. The hotel has since experienced a substantial increase in room revenue. The room revenue in May 2025 is almost $150,000.00 ahead compared to May 2024. With that said, the hotel is conservatively projected to do in excess of $1,900,000.00 and possibly closer to $2,000,000.00 by year end 2025. Significant operational upside for a more engaged and hands-on operator to take an absentee owned, recently renovated hotel and transform it into a successful venture through active management, marketing, strategic repositioning and effective cost control to gain a competitive advantage. The hotel is being offered below replacement cost at $81,818.18/Key. Construction of a similar hotel with comparable amenities would cost at best, a minimum of $125,000/Key. Hotel guests enjoy keyless entry options of the one king and double queen rooms and amenities such as a complimentary Wi-Fi, refrigerators, microwaves and watch their shows on 43” inch HD flat screen TVs. They additionally enjoy the convenience of an updated fitness center, a beautiful indoor pool and guest laundry facilities. The hotels competition in the immediate area includes the Hampton Inn and Suites, La Quinta Inn and Suites and the Sleep Inn and Suites.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$138 USD /SF

# OF ROOMS

88

PRICE/ROOM

$81,818 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Guthrie North Ed

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2009

PARKING SPACES

88

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

H-1

APN/PARCEL ID

420050222

ASK ABOUT THIS PROPERTY

Jonathan FilintoMetro Brokers Of Oklahoma Einstein Group LLCMore Info
405-406-1126

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Jonathan FilintoMetro Brokers Of Oklahoma Einstein Group LLCMore Info
405-406-1126

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.