Motel 6 Ardmore

120 Holiday Drive, Ardmore, OK

$3,450,000

Price

33,136 sqft

Building Size

2.4 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
33,136 sqft
Lot Area
2.4 acres
Keys
117
Year Built
1987
Floors
2
Description

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Motel 6 located in Ardmore, Oklahoma. This property is well located off Interstate 35 and Highway 70. The Ardmore Downtown Executive Airport is approximately 5 miles southwest, catering to both leisure and business travelers. Ardmore has a relatively inexpensive cost index with many local businesses and attractions which keeps the town thriving.

Ardmore is a growing city that's home to many major employers and manufacturers. Situated between Dallas and Oklahoma City, Ardmore is the ideal choice for many operations. The diverse economic sectors contribute to a steady flow of business and leisure visitors. Ardmore has many incoming infrastructure projects which will help improve the quality of life, attract businesses and boost the local economy.

Broker of Record: Richard Queen | NewGen Advisory KS, LLC. | License No.: BR00232332

Ardmore offers a blend of attractions making it an appealing destination for travelers. Visitors can explore the Lake Murray State Park, known for it's scenic landscapes, or the Greater Southwest Historical Museum, providing a look into the region's past. This city is full of historical charm, outdoor adventures, and cultural experiences.

Highlights
  • 117 units/ 2 Stories
  • Priced to sell at $29,487/key
  • Revenue 2022: $1,058,845 and Revenue 2023: $1,006,696
  • Strong NOI: $423,064 2022 and $383,460 2023
  • Upside: 78.2% RevPar Index
  • Located 1 hour and 30 minutes from Dallas and Oklahoma City
  • Manager apartment is 2 bedrooms, 750 sq ft, kitchen, dining, and 2 bath
  • All rooms equipped with PTAC
  • 16 Rooms with Kitchenettes
Documents
Location
Gallery