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Property Description:
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.
Location Description:
Bartlesville, Oklahoma (population 36,678) is located 45 miles north of Tulsa on US 75. As the birthplace of Phillips Petroleum Company (now ConocoPhillips and Phillips 66), Bartlesville’s oil and gas industry remains vibrant today.
The Bartlesville area is home to both globally recognized engineering and manufacturing firms, and small, niche companies supporting the energy sector. Walmart recognized the efficient Interstate Highway access, opening a refrigerated regional distribution center on four-lane Highway 75 in 2005.
Investment Highlights
Click the “Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Broker of Record
