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The Blue Ribbon Inn & Suites 706 S Kerr Blvd 70 Room Hotel Sallisaw, OK 74955 $1,950,000 ($27,857/Room)
Investment Highlights
- 83 Keys Total. 70 Keys Rentable.
- Event Space
- Indoor & Outdoor Pool
Executive Summary
70 rooms with air conditioning, flat-screen TVs with cable channels, refrigerators, microwaves, and coffee/tea makers. The property is strategically positioned near major highways and across from a Cherokee Nation casino which does not have a hotel. The Blue Ribbon Inn & Suites offers a host of amenities like indoor and outdoor pools, free breakfast, and conference spaces. The area is set for significant growth, with a VA housing facility and a new processing plant underway, creating a surge in local job opportunities. The hotel's proximity to key attractions like Sequoyah National Wildlife Refuge and Cherokee Casino Sallisaw ensures a steady flow of guests, while the city's demand for updated accommodations presents a promising future for investors.
Property Facts
| Price | $1,950,000 | Building Size | 25,743 SF |
| Price Per Room | $27,857 | No. Rooms | 70 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1984/1992 |
| Property Subtype | Hotel | Parking Ratio | 3.11/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.55 AC | Opportunity Zone |
Yes
|
| Price | $1,950,000 |
| Price Per Room | $27,857 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.55 AC |
| Building Size | 25,743 SF |
| No. Rooms | 70 |
| No. Stories | 2 |
| Year Built/Renovated | 1984/1992 |
| Parking Ratio | 3.11/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 70 | $54.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0000-06-011-024-0-028-00 | Improvements Assessment | $143,845 |
| Land Assessment | $24,786 | Total Assessment | $168,631 |
Property Taxes
Parcel Number
0000-06-011-024-0-028-00
Land Assessment
$24,786
Improvements Assessment
$143,845
Total Assessment
$168,631
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The Blue Ribbon Inn & Suites | 706 S Kerr Blvd
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