Best Western Lindsay Inn & Suites

$5,000,000

14114 Highway 19, Lindsay, OK 73052

Details

  • $5,000,000
  • Midscale

Investment Overview:

Marcus & Millichap’s National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Best Western Lindsay Inn & Suites. The property is a 57-room, interior corridor, three-story hotel located in Lindsay, Oklahoma directly off of Highway 19.

The Best Western Lindsay Inn & Suites is being offered at 3.17 times the September 2017 trailing twelve months revenue. Newly constructed and opened in 2015, this property is being sold with little to no PIP requirements estimated. Asset provides upside to new ownership due to Exterran Holdings & Woodford Express Gas Processing Plant currently being constructed near hotel site.

Property Overview:

The Best Western Lindsay Inn & Suites is a 57-room, interior corridor, limited service, mid-scale hotel located in Lindsay, Oklahoma. The property is the only hotel in Lindsay and serves as a lodging solution for oilfield demands. Opened in 2015, this three-story hotel has a wood frame structure with stone and stucco exterior. The hotel features common area amenities such as an indoor heated swimming pool, fitness center, and guest laundry facilities. Room amenities include a 42-inch flat screen television, microwave, refrigerator, and an activity table/work desk.

Location Overview:

Lindsay is a city in Garvin County, Oklahoma. The town is positioned just 50 miles south of Oklahoma City, the state’s capital, and approximately 60 miles east of Lawton, Oklahoma. Lindsay is known for its natural parks and rich culture. Travelers enjoy the area’s historical sites, museums, and local culture and attractions such as: Murray – Lindsay Mansion, Toy and Action Figure Museum, Shady Grove Park, and Lindsay Municipal Golf Course.

Broker of Record

Kyle Davis

Tulsa Office

License: OK 151205

Agent for this listing

Allan Miller

First Vice President Investments | Senior Director, National Hospitality Group
Office: (512) 338-7831
Mobile: (512) 203-9154
Fax: (512) 338-7810
Other listings

Back to Top