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701 E Highway 3
Guymon, OK 73942
Holiday Inn Express & Suites Guymon · Hospitality Property For Sale · 47,490 SF
Investment Highlights
- Built in 2009, latest Formula Blue PIP completed in September 2019; Market leader in performance and amenities
- 11.2% Cap Rate on 2019 actuals with 3% management expense built in place
- There is an attractive 5.5% interest rate, 20-year amortized, non-recourse loan in place that extends out until June 2026. The current balance is appr
- 74% OCC; $112 ADR and $83 RevPAR on T-12 financials
- Priced at an attractive turn-key $93,333/Door
- This renovation interrupted the Property's normal high performance, but a new owner has the opportunity to revamp revenue management strategies and ut
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 47,490 SF |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 2009/2019 |
| Lot Size | 1.95 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 47,490 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2009/2019 |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
About 701 E Highway 3 , Guymon, OK 73942
The Holiday Inn Express is a newly built 75 room, interior corridor, 3 story hotel located in Guymon, OK. Built in 2009, this mid-scale hotel just finished IHG's Formula Blue design PIP in September 2019. The asset is attractively priced at $93,333/Key. Strategically situated near the intersection of Highway 412 and Highway 136 in the largest city of the Oklahoma panhandle, this property is able to accommodate transient highway, destination, and corporate guests. With spacious accommodations including a heated indoor pool & whirlpool, fitness facility, on-site business center, free high-speed Wi-Fi throughout, this hotel well deserves a 4.5 star rating from TripAdvisor - currently ranking #3 of 10 hotels in Guymon.
PROPERTY TAXES
| Parcel Number | 700001302 | Improvements Assessment | $645,071 |
| Land Assessment | $19,164 | Total Assessment | $664,235 |
PROPERTY TAXES
zoning
| Zoning Code | C-2 |
| C-2 |
Learn More About Investing in Hospitality Properties
