2701 West Shawnee Street

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Address: 2701 West Shawnee Street, Muskogee, Oklahoma, US
Created date: March 4, 2024
Date last updated: May 15, 2024
  • 70 units, 3 stories, interior corridor
  • Formula Blue PIP completed in 2023
  • Located within minutes of major demand generators such as Castle of Muskogee
  • Located right on HWY 69, 64 & 62
  • Currently sold at 8%-9% CAP rate

Property Description

Maya 'Tina' Patel of NewGen Advisory proudly presents the Fee-Simple Holiday Inn Express & Suites in Muskogee, Oklahoma. This 3-story, 70-key IHG property boasts an interior corridor layout and underwent a comprehensive renovation from 2020 to 2023, aligning with IHG's modern Formula Blue PIP standards. Each guestroom is equipped with essential amenities including refrigerators, flat-screen TCs with cable programming, in-room desks and contemporary bathrooms. The property additionally has conveniences such as a business center, complimentary newspapers in the lobby, onsite dry cleaning/laundry services, coupled with free self-parking, ensures a comfortable stay for guests. Further enhancing guest experience with exceptional amenities like a heated indoor pool with spa, continental breakfast buffet, marketplace shop, and onsite fitness facilities. Strategically situated just off the intersection of Routes 69, 62, and 64 in Muskogee, the property offers unparallel access to local attractions. Guests are within a few miles radius of attractions such as Castle of Muskogee, Three Rivers Museum, a wealth of historical sites and parks. The city hosts numerous events year-round, contributing to a bustling local economy. Recently, Stardust Power Inc.'s selected Muskogee's Southside Industrial Park to build a battery-grade lithium refinery, supported by state and federal funding. This development is poised to stimulate job creation and economic prosperity, presenting a lucrative opportunity for an astute operator to maximize the potential of this asset and capitalize on the thriving local economy.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Hospitality
Price: $6,447,000
No. of Units: 70
Year Built: 2006
Lot Size: 1.85 Sq ft
Opportunity Zone: No
Price per unit: $92,100
Property Website Click Here
Address: 2701 West Shawnee Street, Muskogee, OK 74401, USA
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