Specialty Real Estate
701 Oklahoma 3 Guymon, OK 73942
Details & Description
Price: $7,000,000
    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 Formla Blue design PIP in September 2019. The asset us 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 & whirpool, fitness facility, on-site business center, free high-speed WiFi throughout, this hotel well deserves a 4.5 star rating from TripAdvisor - currently ranking #3 of 10 hotels in Guymon.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 approximately $5.5MThis renovation interrupted the Property's normal high performance, but a new owner has the opportunity to revamp revenue management strategies and utilize the recent renovation to continue to drive rate
    Property Highlights
    Additional Photos
    Listing Agents
    Rav Singh

    O: 210-696-9996
    M: 210-849-2175
    rav@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    701 Oklahoma 3

    Guymon, OK 73942

    Listing ID: 272048
    • 701 Oklahoma 3 Guymon, OK 73942 | for Sale | Photo 1
    • 701 Oklahoma 3 Guymon, OK 73942 | for Sale | Photo 2
    • 701 Oklahoma 3 Guymon, OK 73942 | for Sale | Photo 3
    • 701 Oklahoma 3 Guymon, OK 73942 | for Sale | Photo 4
    701 Oklahoma 3 | for Sale | Thumbnail 1
    701 Oklahoma 3 | for Sale | Thumbnail 2
    701 Oklahoma 3 | for Sale | Thumbnail 3
    701 Oklahoma 3 | for Sale | Thumbnail 4
    Building Size: 45,717 SF
    Lot Size: 1.750 AC
    Land Size: 76,230 SF
    Building $/SF: $153.12
    Land $/SF: $91.83
    Price
    $7,000,000
    Property Highlights
    ASSUMABLE LOAN AVAILABLE
    Built in 2009, latest Formula Blue PIP completed in September 2019 Market leader in performance and amenities
    74 OCC $112 ADR and $83 RevPAR on T-12 financials
    11.2 Cap Rate on 2019 actuals with 3 management expense built in place
    Priced at an attractive turn-key $93,333Door
    The Hotel is ready to be managed by Owner - Operator, with the ability to control costs and increase revenue
    The hotel is rated 4.5 stars on TripAdvisor, currently ranking 3 of 10 hotels in Guymon
    Description

    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 Formla Blue design PIP in September 2019. The asset us 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 & whirpool, fitness facility, on-site business center, free high-speed WiFi throughout, this hotel well deserves a 4.5 star rating from TripAdvisor - currently ranking #3 of 10 hotels in Guymon.

    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 approximately $5.5M

    This renovation interrupted the Property's normal high performance, but a new owner has the opportunity to revamp revenue management strategies and utilize the recent renovation to continue to drive rate

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Guymon Area Market Trends

    Listing Demographics for 701 Oklahoma 3 Guymon, OK 73942

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population5,09110,91512,013
    Population Median Age303233
    Population by Age0-9 Yrs1051 (20%)2047 (18%)2142 (17%)
    10-19 Yrs703 (13%)1621 (14%)1845 (15%)
    20-29 Yrs856 (16%)1628 (14%)1747 (14%)
    30-39 Yrs1047 (20%)1807 (16%)1940 (16%)
    40-49 Yrs478 (9%)1265 (11%)1417 (11%)
    50-59 Yrs427 (8%)1128 (10%)1275 (10%)
    60-69 Yrs362 (7%)897 (8%)1052 (8%)
    70+ Yrs167 (3%)522 (4%)595 (4%)
    Median HH Income$45,780$50,965$51,810
    Total Household Income< 24K297 (19%)615 (18%)701 (18%)
    25-49K514 (34%)1006 (30%)1104 (29%)
    50-74K392 (26%)952 (28%)1062 (28%)
    75-99K227 (15%)464 (14%)524 (14%)
    100-199K72 (4%)251 (7%)316 (8%)
    200K+3 (0%)9 (0%)16 (0%)
    Highest Education LevelNo Diploma124023292487
    Diploma or GED84516531762
    Some College37112271396
    Assoc. Degree48188228
    Bachelors Degree2928341064
    Higher Degree61290325
    Total Housing Units1,7223,9254,368
    --Owner-Occupied7292,0682,451
    --Renter-Occupied7771,2291,272
    Owner-Occupied Values< 100K451866968
    100-199K22010331265
    200-299K45132168
    300-399K358
    400-499K0513
    500K+102729
    Total Working Age Population3,5757,8398,713
    In Work Force2,7275,9016,553
    Not In Work Force8481,9382,159
    Workforce Employed2,6635,7376,376
    Workforce Unemployed64164177
    Civlian Workforce2,7275,9016,553
    Military Workforce000
    Total Households1,5063,2973,724
    Family Households1,0332,2262,502
    Non-Family Households4731,0711,222
    Married Couple6101,5381,797
    Other Family424687705
    Married w/Child360803955
    Single Male w/Child137200200
    Single Female w/Child202351358

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Oklahoma3,450,654+93,751,351+74,024,202+74,302,501
    Texas County20,107+320,640+722,018+523,082

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 701 Oklahoma 3 in Guymon?
    The asking price for 701 Oklahoma 3 is $7,000,000
    What is the building size of this Specialty property in Guymon, OK?
    The size of the building/unit at 701 Oklahoma 3 in Guymon is 45,717 square feet
    How much land does the Guymon, OK property at 701 Oklahoma 3 include?
    701 Oklahoma 3 in Guymon includes 1.750 acres of land
    What kind of Specialty is the propery at 701 Oklahoma 3?
    The property at 701 Oklahoma 3 Guymon, OK 73942 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 701 Oklahoma 3 in Guymon?
    The population within 1 mile of 701 Oklahoma 3 Guymon, OK 73942 is 5,091 people.
    Who do I contact for questions about 701 Oklahoma 3?
    You should contact the listing agent, Rav Singh , for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Rick Husband Amarillo International Airport (AMA) 101
    Lubbock Preston Smith International Airport (LBB) 209
    Wichita Eisenhower National Airport (ICT) 232
    Price
    $7,000,000
    Listing Agent
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