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Days Inn & Suites Altus 2804 N Main St 99 Room Hotel Altus, OK 73521 $997,000 ($10,071/Room)
INVESTMENT HIGHLIGHTS
- Corporate / Absentee ownership
- Tremendous upside with focused management
- Close proximity to all major demand generators
- ALL market based offers will be considered
- Over $700K in Room Revenue in 2024
EXECUTIVE SUMMARY
• Reduced Price to 1.4x 2024 RRM
• Operations ceased April 4, 2025
• Corporate / Absentee ownership
• ALL market based offers will be considered
• Tremendous upside with focused management
• Close proximity to all major demand generators
• Over $700K in Room Revenue in 2024
The Days Inn Altus has been a corporately owned, absentee run hotel with a long term history of success in the market and in real need of a hands on, motivated owner with construction requirements to re-open. At the time of closing, the hotel operation was in good condition with many amenities unique to the market including both indoor and outdoor pool, meeting facilities, bar, fitness room and business center.
Altus is the home to Altus AFB, Western Oklahoma State College, many medical facilities, the Jackson County Courthouse and Seat, multiple state parks and lakes (including the Quartz Mountain State Lodge and Amphitheater) as well as other significant demand generators. Located at the intersection of US highways 62 and 283, Altus is just minutes from the Texas border but still within easy driving distance of Interstates 44, 35 and 40.
The hotel building has significant structural issues that will need to be addressed immediately for long term viability to approximately 30 rooms. One wing of the hotel has had "settling". PLEASE CONTACT BROKER FOR FULL EXPLANATION.
• Operations ceased April 4, 2025
• Corporate / Absentee ownership
• ALL market based offers will be considered
• Tremendous upside with focused management
• Close proximity to all major demand generators
• Over $700K in Room Revenue in 2024
The Days Inn Altus has been a corporately owned, absentee run hotel with a long term history of success in the market and in real need of a hands on, motivated owner with construction requirements to re-open. At the time of closing, the hotel operation was in good condition with many amenities unique to the market including both indoor and outdoor pool, meeting facilities, bar, fitness room and business center.
Altus is the home to Altus AFB, Western Oklahoma State College, many medical facilities, the Jackson County Courthouse and Seat, multiple state parks and lakes (including the Quartz Mountain State Lodge and Amphitheater) as well as other significant demand generators. Located at the intersection of US highways 62 and 283, Altus is just minutes from the Texas border but still within easy driving distance of Interstates 44, 35 and 40.
The hotel building has significant structural issues that will need to be addressed immediately for long term viability to approximately 30 rooms. One wing of the hotel has had "settling". PLEASE CONTACT BROKER FOR FULL EXPLANATION.
PROPERTY FACTS
| Price | $997,000 | Building Size | 34,324 SF |
| Price Per Room | $10,071 | No. Rooms | 99 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1980/2025 |
| Property Subtype | Hotel | Parking Ratio | 4.69/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 3.61 AC | ||
| Zoning | HOTEL | ||
| Price | $997,000 |
| Price Per Room | $10,071 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.61 AC |
| Building Size | 34,324 SF |
| No. Rooms | 99 |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2025 |
| Parking Ratio | 4.69/1,000 SF |
| Corridor | Exterior |
| Zoning | HOTEL |
AMENITIES
- Balcony
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $97.00 | - |
| Guest Room | 98 | $77.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 0022-05-002-020-0-022-00 | Improvements Assessment | $81,877 |
| Land Assessment | $47,193 | Total Assessment | $129,070 |
PROPERTY TAXES
Parcel Number
0022-05-002-020-0-022-00
Land Assessment
$47,193
Improvements Assessment
$81,877
Total Assessment
$129,070
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Days Inn & Suites Altus | 2804 N Main St
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