Hotels in Broken Arrow, Oklahoma, offer a unique investment opportunity for those looking to capitalize on the city's growing economy and tourism industry. As a hub for manufacturers and home to notable employers like FlightSafety International, FedEx Ground, Blue Bell Creameries, and Windstream Communications, Broken Arrow attracts a diverse range of visitors and business travelers. Hotels in Broken Arrow can cater to these individuals, providing a comfortable and convenient place to stay while they conduct business or explore the city's attractions. With amenities like the Sunset Amphitheater, which hosts a minimum of 45 concert events annually, and the Rose District's mix of historic charm and modern amenities, Broken Arrow is an attractive destination for travelers. The city's location, approximately 18 miles southeast of Tulsa, also makes it an ideal stopover for those traveling between cities. Additionally, Broken Arrow's infrastructure, including State Highway 51 and the Creek Turnpike, provides easy access to the city and its surroundings, making it an attractive location for hotel investors.
Broken Arrow's hotel market is characterized by 1 available listings, with an average price per square foot of $137 USD and an average size of 55,394 square feet. The largest hotel property available spans 55,394 square feet, offering ample space for guests and amenities. With an average cap rate of , hotels in Broken Arrow present a compelling investment opportunity. In addition to hotels, Broken Arrow also offers a range of other investment opportunities, including restaurants, apartment buildings, and shopping centers. Restaurants in Broken Arrow can capitalize on the city's growing population and tourist traffic, while apartment buildings can provide housing for the city's residents and commuters. Shopping centers, meanwhile, can offer a range of retail and dining options, further enhancing the city's appeal to visitors and residents alike.
What factors should I consider when buying a hotel in Broken Arrow?
When considering buying a hotel in Broken Arrow, Oklahoma, there are several key factors to keep in mind, including:
- The local economy, which is diverse and driven by industries such as manufacturing, aviation, healthcare, retail, and commercial development, with major employers like FlightSafety International, FedEx Ground, Blue Bell Creameries, and Windstream Communications.
- The city's infrastructure, which includes State Highway 51 (Broken Arrow Expressway), Muskogee Turnpike, Creek Turnpike, and Tulsa Transit for public transportation services, making it easily accessible for guests and employees.
- The current market conditions, with 1 available listings of hotels, an average price per square foot of $137 USD, and an average size of 55,394 square feet, with the largest size being 55,394 square feet, and an average cap rate of.
It's! also important to research and understand the city's zoning laws, permits, and regulations, as well as the local amenities, such as the new full-service hospital, area parks, and the Sunset Amphitheater, which can impact the hotel's operations and appeal to guests. Additionally, considering financing options, such as CRE loans, can help make your hotel purchase a reality. Learn more about commercial real estate loans at CRE loans.
How is the value of a hotel for sale typically calculated?
In Broken Arrow, Oklahoma, where there are currently 1 hotel listings available, the value of a hotel for sale is typically calculated through a comprehensive CRE appraisal, which takes into account various factors such as the property's income, expenses, and local market conditions. To learn more about the CRE appraisal process and how it affects hotel valuations, check out our in-depth article at CRE appraisals, which provides valuable insights for investors and developers alike.
