PRICE REDUCED AGAIN….A newer Hampton Inn for $54K per key!! The Owner is very motivated to exit the hotel business and is demonstrating his motivation by setting the price at less than his debt. This sale will be similar to an REO sale.

Executive Summary

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.

Property Details

Address
115 Deacon Turner Road, Miami, OK 74354
Price
$3,995,000 
Rooms
74 
Price Per Key
$53,986 
Property Type
Limited Service - Upper mid market 
Revenue
Call for CA 
Website
 

Hotel Description

  •         Latest Prototype, built 2009
  •         Market leader in performance and amenities
  •         Perfect Mix lobby
  •         Flat screen HD TVs
  •         Business Center
  •         Indoor heated pool & fenced sun deck
  •         Fitness center
  •         Wireless & hardwired HSIA
  •         Meeting space
  •         Assorted microwaves and mini-fridges
  •         Three floors, interior corridor

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

8725 Rosehill Road, Suite 300
Lenexa, KS 66215
Phone: 913-499-4731
Fax: 913-499-4771