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The Blue Ribbon Inn & Suites 706 S Kerr Blvd

70 Room Hotel Sallisaw, OK 74955 $1,950,000 ($27,857/Room)

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Investment Highlights

83 Keys Total. 70 Keys Rentable.
Meeting Rooms
25,743 sq. ft.

Indoor & Outdoor Pool
Near Major Highways and Across from Cherokee Casino
Large Living Space

Executive Summary

70 rooms with air conditioning, flat-screen TVs with cable channels, refrigerators, microwaves, and coffee/tea makers. The property is strategically positioned near major highways and across from a Cherokee Nation casino which does not have a hotel. The Blue Ribbon Inn & Suites offers a host of amenities like indoor and outdoor pools, free breakfast, and conference spaces. The area is set for significant growth, with a VA housing facility and a new processing plant underway, creating a surge in local job opportunities. The hotel's proximity to key attractions like Sequoyah National Wildlife Refuge and Cherokee Casino Sallisaw ensures a steady flow of guests, while the city's demand for updated accommodations presents a promising future for investors.

Property Facts

Price	$1,950,000	Building Size	25,743 SF
Price Per Room	$27,857	No. Rooms	70
Sale Type	Investment	No. Stories	2
Property Type	Hospitality	Year Built/Renovated	1984/1992
Property Subtype	Hotel	Parking Ratio	3.11/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	2.55 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,950,000
Price Per Room	$27,857
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	2.55 AC
Building Size	25,743 SF
No. Rooms	70
No. Stories	2
Year Built/Renovated	1984/1992
Parking Ratio	3.11/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.