60 KEY MOTEL WITH RECENTLY COMPLETED PIP FOR 12.5% CAP RATE!! $8.75m Cash $10m Owner Finance

New off-market dealMcCurtain County, Broken Bow, OK 74728

$8.75m
Cash price
$10m Owner Finance 35% down

image property

60 beds

60 baths

31953 sqft

ARV$10.00m

Starting price$7.50m
(75% ARV)

Gross margin$1.25m

Incredible Opportunity:

60 KEY MOTEL WITH RECENTLY COMPLETED PIP
FOR 12.5% CAP RATE!!

CASH PRICE:

$7,500,000
or
SUBMIT YOUR BEST OFFER

HIGH LEVEL PROPERTY BREAKDOWN

HOTEL DETAILS :

60 KEYS TOTAL
17 KING BEDS
17 DOUBLE BEDS
20 QUEEN BEDS
6 KING/DOUBLE BED
PIP COMPLETED 2021
HOTEL CONSTRUCTED IN 1973
PARTIAL CONCRETE WITH DUAL ROOF
OCCUPANCY RATE 2023-2024: 66.50% - 72.40%
RevPAR - $69.27
CHAIN HOTEL - CHOICE HOTEL ( OK288 PROPERTY CODE UNDER CHOICE HOTELS )

PROPERTY FEATURES :

CONTINENTAL BREAKFAST
GUEST LAUNDRY
SEASONAL POOL
FREE WIFI
FAX AND COPY MACHINE
PARKING LOT FOR 18-WHEELERS AND BUSES
BUSINESS CENTER

LOCAL ATTRACTIONS :

BEAVERS BEND STATE PARK
HIKING TRAILS
CANOEING
RIVER FLOAT TRIPS
HORSEBACK RIDING
AMPHITHEATER
FAMOUS OLD HICKORY RESTAURANT
FOREST HERITAGE CENTER MUSEUM WITH LARGE-SCALE DIORAMAS BY RENOWNED SMOKEY THE BEAR ARTIST HARRY ROSSOLL.
BEAVERS BEND BREWERY
GARDNER MANSION & MUSEUM HOME OF THE CHOCTAW CHIEF JEFFERSON GARDNER WHERE YOU CAN SEE FOSSILS AND NATIVE AMERICAN ARTIFACTS

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Ash Dslacquisitions@gmail.com

305-767-3969