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Investment Highlights

  • Possible Owner Financing (subject to approved credit and terms)
  • Historic Area
  • Realistic Pricing and Motivated Seller | 3.4X Room Revenue
  • High-Traffic Trade Area with Strong Regional Draw

Executive Summary

Highlights:
• Possible Owner Financing (subject to approved credit and terms)
• Realistic Pricing and Motivated Seller | 3.4X Room Revenue
• High-Traffic Trade Area with Strong Regional Draw 
• Historic Area
Recently price reduced, the 52-room & suites, 3-story, Best Western Plus Wewoka Inn & Suites is located at the crossroads of Highways 270 & 56. It is just 60 minutes from Oklahoma City and Tulsa, and 20 minutes from Interstate 40.
The hotel recently underwent a significant renovation and features all typical Best Western amenities including indoor pool, breakfast room, business center, guest laundry, fitness center and elevator.
The city of Wewoka is situated in a picturesque region of rolling hills and forests and is the headquarters of the Seminole Nation, some 7,000 of whose members live in the area. Other area demand generators include Latham Pool Manufacturing, Bar-S Meat Processing, Formcrete Fiberglass, Trading Post Casino, Seminole Nation Museum, Wewoka Lake, Seminole Nation Capitol Building, SSM Health Center, Wewoka Indian Health Center and The Wewoka Golf Course. It is also the County Seat of Seminole County and home to the County Courthouse.

Property Facts

Price $5,280,937 CAD
Price Per Room $101,556 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 18.52 AC
Building Size 38,541 SF
No. Rooms 52
No. Stories 3
Year Built 2016
Parking Ratio 1.35/1,000 SF
Corridor Interior
Opportunity Zone Yes
Zoning C2

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Meeting Event Space

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 25 $154.91 CAD -
Guest Room 27 $108.44 CAD -
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
7030-00-002-001-0-000-00
Land Assessment
$1,766 CAD
Improvements Assessment
$717,510 CAD
Total Assessment
$719,276 CAD
  • Listing ID: 29991605

  • Date on Market: 2023-11-07

  • Last Updated:

  • Address: 201 Commerce Dr, Wewoka, OK 74884

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