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Econo Lodge McAlester Oklahoma

Listing was updated on: 10/15/2019
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Property Overview

Price/Rent PSF $ 1,400,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 14,000
Date Available 10/15/2019
Additional URL Link
Floors 2
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Description

Location
The Econo Lodge McAlester hotel is located in the heart of Pittsburg County, near local highways, and minutes from Oklahoma State Penitentiary, JG Puterbaugh House, Garrard Ardeneum, J.J. McAlester Mansion, Krebs Heritage Museum, Tannehill Museum and Lake Eufaula. Several restaurants, cocktail lounges and specialty shops are nearby, some within walking distance. Free amenities include continental breakfast, WiFi, and local calls. Business guests can access copy and fax machines. Rooms have microwaves, refrigerators, hairdryers and cable television.

Sale
NewGen Advisory is pleased to present an excellent opportunity to acquire the fee-simple interest in the Econo Lodge located in McAlester, Oklahoma. The property has been well maintained by the current owners with significant capital improvements to keep up with guest demands. The 38 unit limited service property, comes with 1500 sq. ft managers quarters that include 3 bedrooms and 2 baths. This is an ideal owner operator investment on a stabilized franchised asset. SBA and USDA financing is available to qualified buyer.

Location

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