deal image
1410 SE Washington BlvdBartlesville, OK 74006
Motel 6/Studio 6
Asset ClassHotel & Hospitality
Deal Size$1.48 M
# Keys: 105Year Built: 1978Year Renovated: 2021Access Data Room
overview of deal

Overview

NewGen Advisory is proud to present for sale the dual brand 105-unit Motel 6/Studio 6 - Bartlesville, OK. The recently converted dual branded three-story interior corridor property has a total of 49 Motel 6 rooms, 26 Studio 6 rooms, and 30 additional rooms that require a full Studio 6 remodel. The 2.45 acre site is situated directly off US Route-75.

 

This deal presents significant upside for an owner-operator or hands-on investor that can implement effective rate, and expense management while also completing the rehabilitation of the additional 30 Studio 6 rooms, to bring the property back to 105 total units. ​

Access the Data Room

Investment Highlights

  • Tremendous Value for Owner/Operator
  • Priced at $14,095/key
  • Opportunity to increase occupancy, ADR & overall RevPar through revenue management and completing renovation of 30 Studio 6 rooms
  • Onsite manager’s apartment
  • Motivated Seller
deal gallery image
deal gallery image
deal gallery image
1410 SE Washington BlvdBartlesville, OK 74006

Sales Team

Dinesh RamaPrincipal & Managing Director

License #: AZBR5122300, NM 20316, CO 100082810

(602) 648-2700dan.rama@newgenadv.com
Richard QueenDesignated Broker

License #: OK 158530

deal image

Inquire

Listing provided by LightBox Revere