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- LoopNet Team
1601 N 32nd St
Muskogee, OK 74401
Candlewood Suites Muskogee · Hospitality Property For Sale
·
48,480 SF
INVESTMENT HIGHLIGHTS
- 67-Room, Interior Corridor, Midscale Hotel Built in 2016
- Well Positioned with Excellent Visibility from 32nd Street
- Upside Potential Through Implementation of Strategic Cost Control
- Closest Franchised Extended-Stay Hotel to St. Francis Hospital Muskogee
- Operational Upside for Prospective Hands-On Owner-Operator Investor
- Recently Converted to Candlewood Suites June 2020
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2016 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.79 AC | Parking Ratio | 1.34/1,000 SF |
| Building Size | 48,480 SF | Corridor | Interior |
| Zoning | B | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.79 AC |
| Building Size | 48,480 SF |
| No. Stories | 3 |
| Year Built | 2016 |
| Tenancy | Single |
| Parking Ratio | 1.34/1,000 SF |
| Corridor | Interior |
| Zoning | B |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Fully-Equipped Kitchen
ABOUT 1601 N 32ND ST , MUSKOGEE, OK 74401
Property Overview: The Candlewood Suites Muskogee is an InterContinental Hotels Group-branded property and has 67 rooms spread throughout three stories. The midscale hotel includes common area features such as an on-site business center, outdoor gazebo grill, and a recently renovated fitness center. Each guest room features a flat-screen television, spacious fully equipped kitchen, and appliances. Location Overview: Muskogee, Oklahoma is in the eastern part of the state and is positioned 47 miles southeast from Tulsa. The Candlewood Suites Muskogee is located directly off of Highway 69 and is nearby several room demand generators. The hotel is 1.5 miles from medical facilities that include the VA Hospital and Sant Francis Hospital. Another market demand generator is the Port of Muskogee which is a 445-mile waterway that connects the Verdigris and Arkansas Rivers, the Arkansas Post Canal, the Mississippi River, and the White River. With the port being five miles from the city's business district the City of Muskogee continuously develops investment and business opportunities in and around Muskogee. Recently new construction began on the Cherokee Springs Plaza by the Cherokee Nation which will be 154-acre retail, dining, and entertainment district. The tribe has an ongoing effort to recruit national and regional businesses, focused on bringing dining, retail, and entertainment to the region. Broker of Record Mark McCoy License: OK 181981
