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    1650 32Nd St Muskogee, OK 74401

    Sponsored
    For Sale
    $6,800,000

    85-Room Marriott Brand Hotel in OK

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 85-key Fairfield Inn & Suites, built in 2009, presents a compelling investment opportunity in Muskogee, Oklahoma. Located at 1650 N 32nd St, Muskogee, OK 74401, this four-story interior corridor hotel boasts convenient access to US Routes 62 and 64, placing it near restaurants and major transportation arteries. The property includes valuable amenities such as meeting space, a business center, an indoor pool, and a fitness center, catering to a broad range of guests. The hotel benefits from its established presence as a Marriott brand, offering stability and brand recognition within the market. Currently operating with a 78.3% RevPar index, this property presents a clear opportunity to increase occupancy and average daily rate (ADR), maximizing revenue potential. The hotel's absentee ownership structure provides a streamlined investment experience. Muskogee's strategic location in eastern Oklahoma, near three major rivers and 50 miles southeast of Tulsa, positions it as a regional center for trade and transportation, contributing to the hotel's consistent demand. The city's rich history as a railroad hub and its picturesque setting within Oklahoma's "Green Country" further enhance its appeal. This is a rare chance to acquire a well-established, profitable hotel with significant upside potential in a thriving regional market. The asking price is $6,800,000. The seller is motivated.

    Property Features for 1650 32Nd St

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    2009

    HighLights

    • 85‑key Fairfield Inn & Suites, Marriott‑branded, interior corridor hotel.
    • Strong operational upside with a 78.3% RevPar index.
    • Significant opportunity to increase occupancy and ADR.
    • Absentee ownership, offering a streamlined investment.
    • Motivated seller.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fairfield Inn & Suites ... Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muskogee
    County
    Muskogee
    State
    Oklahoma
    Longitude
    -95.4008942
    Latitude
    35.7657384

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    FAQs

    What type of property is this?
    Hotel - 85-Room Marriott Brand Hotel in OK
    Where is this hotel located?
    The property is located at 1650 32Nd St Muskogee, OK.
    What is the asking price?
    The asking price for this property is $6,800,000.
    What are key features of this property?
    This property features: 85-key Fairfield Inn & Suites, Marriott-branded, interior corridor hotel.; Strong operational upside with a 78.3% RevPar index.; Significant opportunity to increase occupancy and ADR.
    Request Owner's contact information
    1650 32Nd St Muskogee, OK 74401
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    Muskogee, OK 74401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1650 32Nd St Muskogee, OK 74401
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