The Hampton Inn name is one of the most sought after flags by mid-market investors and it is difficult to find them without a premium. In this case, the owner is liquidating his hotel holdings to concentrate on other investments. As you might expect from a Hampton Inn, it is a very nice hotel.
Miami is located in northeast OK on historic Route 66, and is 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 tribe business operations. Twinbridges State Park, the Grand Lake of the Cherokees and Mickey Mantle’s boyhood home are nearby.
I-44 is the primary route from St. Louis to Oklahoma City and is a high volume interstate. The Hampton has great access from the Turnpike and also is adjacent to the Miami Community Center. Offered at less than 40% of today’s costs, this Hampton offers the opportunity to purchase a newer property with a great flag at well below replacement costs. A typical offering price for a newer Hampton is generally over $90+ K/ key. The revenue was up in 2015, and continues to rise this year. This property really does deserve a tour.