|Address||509 Henley, Miami OK 74354 (view map)|
|Price Per Key||43,666|
|Property Type||Limited Service - Mid Market|
|Revenue||Call for CA|
Opened in late 2007, this newer Holiday Inn Express Hotel & Suites features a variety of room types, including a number of different suites, from executive suites, jacuzzi suites and children's suites. Miami is located in northwest OK, equidistant between Springfield and Tulsa. The City offers a number of attractions, including an interstate (turnpike) location, (I-44), the historic Coleman Theater, and most notably, 13 area casinos . The Indian tribes of NW Oklahoma generate a significant amount of room nights throughout the area, with their casinos, (including nearby Buffalo Run casino) and other business operations. Twinbridges State Park and Mickey Mantle's boyhood home is nearby. And, besides the typical HIEX business traveler, the Express benefits from all of these attractions.
I-44 is the primary route from St. Louis to Oklahoma City and is a high volume interstate. The Express has great visibility from the Turnpike and also benefits from a 60' lighted highway pole sign. Offered at less than $44K/ key, this newer Express offer the opportunity to purchase a newer hotel at 60% below replacement costs. With the price per key and low multiple, this offering certainly shows the owner's motivation.