Best Western Locust Grove Inn & Suites Listing Details & Market Data

106 Holiday Ln, Locust Grove, OK 74352

  • For Sale $2,050,000
  • Property Type Other
  • Property Size 28,544 SF
  • Units 50
  • Lot Size 3.24 Acre
  • Year Built 1998
  • Year Renovated 2018
  • Date Updated Apr 5, 2024
Locust Grove, nestled in the scenic landscape of northeastern Oklahoma, has rich history, culture, and natural beauty. The town's economy sees growth through agriculture, tourism, and small business. Visitors are drawn to Locust Grove's historical sites, such as the George M. Murrell Home, and outdoor recreational opportunities at Lake Hudson and Spavinaw State Park. The local community thrives on a strong sense of closeness, with events like the Mayes County Fair bringing residents and visitors together. Locust Grove benefits from its proximity to larger cities like Tulsa and Pryor, providing access to additional amenities and economic opportunities. Locust Grove offers an appeal for both residents and businesses seeking a vibrant small-town lifestyle.The Bowman Post Group of NewGen Advisory is pleased to present for sale the Best Western Locust Grove Inn & Suites. This property is well located off Oklahoma's Highway 82 and has great proximity to many local attractions and outdoor activities. As the only branded hotel in Locust Grove, it enjoys a competitive advantage in attracting guests passing through the area or visiting nearby attractions. Broker of Record: Richard Queen | NewGen Advisory KS, LLC. | License No.: BR00232332

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Highlights

  • 50 Units/ 2 Stories
  • Priced to sell at $41,000/key
  • 2022 Room Revenue: $618,444, 2023 Room Revenue: $634,462
  • March 2024 Trailing Twelve Month Revenue: $699,528
  • Offered at a 2.93x Multiplier of the Trailing Twelve Month Revenue
  • Onsite Manager's Quarters - 2 bedroom, 2 bath, and a full kitchen

Contacts

broker

Andrew Post

NewGen Advisory

(805) 557-8857

Location

Getting Around

  • Walk Score ®

    Car-Dependent (20)
  • Bike Score ®

    Somewhat Bikeable (26)
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  • City Locust Grove, OK
  • Zip Code 74352

Points of Interest

  • Kum & Go

    0.09 miles

  • Phillips 66

    0.70 miles

  • Phillips 66

    7.15 miles

  • Locust Grove Middle School

    1.02 miles

  • Locust Grove High School

    1.17 miles

  • Salina School

    4.91 miles

  • Little Rock School

    4.92 miles

  • Salina Elementary School

    7.45 miles

  • Peggs School

    8.25 miles

  • Cole School

    9.32 miles

Contact Listing Broker

broker

Andrew Post

NewGen Advisory

(805) 557-8857