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 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 Oklahoma City, Wichita, and the Kansas border, Blackwell serves as an important commercial and transportation hub for Northern Oklahoma. The regional economy is supported by energy production, pipeline infrastructure, agriculture, manufacturing, logistics, and healthcare services. The area's strategic location along one of the nation's primary north-south transportation corridors continues to support business activity, workforce mobility, and regional commerce. With continued investment in energy infrastructure, industrial operations, and transportation networks throughout Northern Oklahoma, the Blackwell market benefits from a diversified demand base that supports year-round lodging activity across multiple sectors.
INVESTMENT HIGHLIGHTS
- Strong IHG Brand Affiliation: 82-Room Holiday Inn Express & Suites Constructed in 2016 Operating Under One of Hospitality's Most Recognized Global Brands.
- Strategic Interstate 35 Location: Excellent Visibility and Accessibility Along One of the Nation's Primary Transportation Corridors.
- Major Energy Market Exposure: Benefits from Demand Generated by NextEra Energy, Deriva Energy, ONEOK, Southern Star Central Gas Pipeline, and Key Energy Services.
- Phillips 66 Refinery Proximity: Access to Significant Corporate and Contractor Lodging Demand Associated with the Phillips 66 Ponca City Refinery.
- Industrial and Manufacturing Demand: Supported by the Blackwell Industrial Park and Regional Industrial Employers.
- Healthcare Demand Generator: Near Stillwater Medical Blackwell, Serving Patients, Families, and Medical Professionals Throughout the Region.
- Gaming and Entertainment Demand: Located Near Tonkawa Hotel & Casino, a Significant Regional Visitor Destination.
- Sports and Recreation Demand: Close to Blackwell Country Club and City of Blackwell Softball Complex. Meeting and Group Business Opportunity: Approximately 395 Square Feet of Flexible Meeting Space Supporting Small Corporate and Social Functions.
FINANCIAL HIGHLIGHTS
- Climbing Submarket RevPAR: As of June 2026, the 12-month average RevPAR in the Oklahoma East Hotel Submarket increased by over 2.9 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market.
- Fee Simple Acquisition: The Hotel provides full ownership and operational control, enabling independent financing and management. This structure typically supports long-term property appreciation, making it a compelling investment opportunity.
BROKER OF RECORD:
TIM SPECK
Oklahoma
(918) 294-6300
License: OK 149994
