120 Holiday Drive

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Address: 120 Holiday Drive, Ardmore, Oklahoma, US
Created date: February 26, 2024
Date last updated: April 10, 2024
  • 117 units/ 2 Stories
  • Priced to sell at $29,487/key
  • Revenue 2022: $1,058,845 and Revenue 2023: $1,006,696
  • Strong NOI: $423,064 2022 and $383,460 2023
  • Upside: 78.2% RevPar Index
  • Located 1 hour and 30 minutes from Dallas and Oklahoma City
  • Manager apartment is 2 bedrooms, 750 sq ft, kitchen, dining, and 2 bath
  • All rooms equipped with PTAC
  • 16 Rooms with Kitchenettes

Property Description

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Motel 6 located in Ardmore, Oklahoma. This property is well located off Interstate 35 and Highway 70. The Ardmore Downtown Executive Airport is approximately 5 miles southwest, catering to both leisure and business travelers. Ardmore has a relatively inexpensive cost index with many local businesses and attractions which keeps the town thriving. Ardmore is a growing city that's home to many major employers and manufacturers. Situated between Dallas and Oklahoma City, Ardmore is the ideal choice for many operations. The diverse economic sectors contribute to a steady flow of business and leisure visitors. Ardmore has many incoming infrastructure projects which will help improve the quality of life, attract businesses and boost the local economy. Broker of Record: Richard Queen | NewGen Advisory KS, LLC. | License No.: BR00232332

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Hotel/Motel
Price: $3,450,000
No. of Units: 117
Year Built: 1987
Lot Size: 2.40 Sq ft
Opportunity Zone: No
Price per unit: $29,487
Property Website Click Here
Address: 120 Holiday Drive, Ardmore, OK 73401, USA
Provided by:

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