Address: 2610 S 4th St, Chickasha, OK 73018, USA
Created date: November 4, 2024
Date last updated: January 13, 2025
- Fee simple interest in the 62-room Holiday Inn Express & Suites in Chickasha, Oklahoma, within the Oklahoma City MSA
- The asset will be available for purchase in the January 22nd auction event via RI Marketplace
- Offered for sale as part of an eight-property (8) portfolio, with all properties being sold individually
- Strong operational upside in transitioning the asset out of institutional ownership and third-party management
- Property is offered unencumbered by management and debt and at a significant discount to replacement cost
- Located along Interstate 44 and U.S. Route 81, which boasts an average daily traffic of approximately 25,000 vehicles and serves as a key route between Oklahoma City and Lawton, making it a convenient stopover for travelers
- Chickasha's economy is supported by oil, gas, and wind energy activity; however, the diverse local economy has a strong presence in the education and transportation sectors, as well as the manufacturing and agricultural industries
- Local leisure demand includes the Grady County Fairgrounds, Shannon Springs Park, and the Chickasha Sports Complex
- The Chickasha Festival of Lights has been recognized as one of the top national holiday displays and draws more than 250,000 guests annually
- Proximate to the University of Science and Arts of Oklahoma (USAO), which generates demand from faculty, visiting lecturers, students, and families attending campus events or sports tournaments
- Proximate to Oklahoma City (less than 45 minutes), the state’s largest city, offering overflow lodging for events and activities in Oklahoma City while providing more affordable accommodations
- The Oklahoma Department of Aerospace & Aeronautics has proposed a $300 million, five-year airport redevelopment plan, with the largest investment benefiting Oklahoma City’s Will Rogers International Airport
Property Description
Alchemy Real Estate Advisors, in conjunction with RI Marketplace, is pleased to offer, on an exclusive basis, the opportunity to acquire the fee simple interest in the 62-room Holiday Inn Express & Suites in Chickasha, Oklahoma. The Property is offered for sale as part of an eight (8) property portfolio across five (5) states in Illinois, Iowa, Kansas, Missouri, and Oklahoma. All properties will be sold individually in the January 22nd Auction Event through RealInsight Marketplace.
The eight properties include:
Holiday Inn Express & Suites: Jacksonville, Illinois
Holiday Inn Express & Suites: Mattoon, Illinois
Holiday Inn Express & Suites: Dubuque, Iowa
Holiday Inn Express & Suites: Emporia, Kansas
Holiday Inn Express & Suites: Nevada, Missouri
Holiday Inn Express & Suites: Bethany (OKC MSA), Oklahoma
Holiday Inn Express & Suites: Chickasha (OKC MSA), Oklahoma
Hampton Inn: Chickasha (OKC MSA), Oklahoma