Holiday Inn Express & Suites Blackwell — Sale in Blackwell, OK

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Blackwell, OK 74631
  • Year built: 2016

Photos

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Investment Figures

Cap rate
8.46%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Holiday Inn Express & Suites Blackwell ("Hotel" or "Property") located at 827 S 44th Street in Blackwell, Oklahoma. The upper midscale IHG-branded Hotel is offered at $6,750,000 or $82,317 per key. Situated on approximately 3.16 acres, the Property features 82 guest rooms across four stories within an approximately 57,000-square-foot building. Originally constructed in September 2016, the Hotel offers a comprehensive amenity package designed to accommodate both business and leisure travelers, including a fitness center, indoor swimming pool, business center, guest laundry facilities, and approximately 395 square feet of meeting space. The Hotel benefits from a diverse demand base generated by energy production, healthcare services, industrial operations, transportation activity, and regional events throughout Northern Oklahoma. Significant lodging demand is driven by the Phillips 66 Ponca City Refinery, which is one of the largest refineries in the Mid-Continent region and located just 20 miles from the Hotel. Additionally, major energy infrastructure operators nearby include NextEra Energy's Blackwell Wind Project, Deriva Energy's Frontier Wind Farm, and Southern Star Central Gas Pipeline, which collectively generate room nights from contractors, engineers, consultants, project managers, and field personnel. Business travel demand is also supported by employers located within the Blackwell Industrial Park and throughout the broader energy corridor serving Kay County. Healthcare-related visitation is generated by Stillwater Medical Blackwell, while Blackwell Fairgrounds supports community and event demand. Moreover, the Tonkawa Hotel & Casino, the City of Blackwell Softball Complex, and the Blackwell Country Club, provide a stable mix of corporate, healthcare, event-driven, and leisure-related lodging demand. Located along Interstate 35 between

Market Context

This hospitality in Blackwell, OK is listed for sale. It is offered at an approximate 8.5% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 2016. Compare it against other hospitality listings for sale in Blackwell, OK — view the full market.

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