Holiday Inn Express 71-key In Sand Springs, OK For Sale - Business for Sale
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71-Room Holiday Inn Express in Sand Springs, OK
Sand Springs, OK, US
Added 4 months ago
Hotel and Hospitality
Holiday Inn Express & Suites Tulsa West in Sand Springs, OK, is a 71-room hotel offering accommodation services in the Tulsa metropolitan area.
Key Information
Asking
$9.0M
Revenue
–
Earnings
$861K
Multiple
10.5x
Key Highlights
- 71-room Holiday Inn Express & Suites located in Sand Springs, OK
- Net Operating Income (NOI) is $860,603
- Cap rate is 8.32%
- Occupancy rate is 72.66%
- Average Daily Rate (ADR) is $119.20
- Property was renovated in 2020 and totals approximately 42,300 square feet on 1.48 acres
- Estimated Property Improvement Plan (PIP) is approximately $7,500 per key, totaling around $532,000
- Pro-forma NOI is $915,081 with a pro-forma cap rate of 8.85%
- Business is a franchise (IHG-branded asset)
Contact Info
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