OUR ASSET:ECONOMY HOTEL MINOT
ASKING PRICE: $800,000
ABOUT THE ASSET
The Economy Hotel in Okmulgee, Oklahoma, represents an excellent investment opportunity with its strategic location near key highways and local attractions. This 14-room property offers a variety of king and double rooms, providing affordable accommodation options for both short-term and extended stays. Its proximity to educational institutions, business hubs, and recreational facilities enhances its appeal to a broad spectrum of travelers.
PRIME LOCATION
Situated in Minot, North Dakota, a city known for its robust economic growth and increasing demand for affordable lodging.RECENT RENOVATIONS
Built in 1974 and renovated in 2019, the property features updated amenities, reducing the need for immediate capital expenditures.STRONG CASH FLOW
Provides strong in-place cash flow with opportunities for revenue growth through strategic management and operational improvements.MORE INFO ON THE ASSET
- Flexibility for New Ownership: Fully unencumbered by existing management and debt, allowing new owners to implement tailored operational strategies.
- Attractive Acquisition Cost: Offered at a significant discount to replacement cost, providing an immediate competitive advantage and value.
- Spacious Property: Encompasses 30,612 square feet on a 1.848-acre lot, offering ample space for future enhancements or expansions.
- Fee Simple Ownership: Full ownership rights, ensuring long-term stability and control over the property.