Lot # : 1 - HOTEL * HENNESSEY, OKLAHOMA

WEDNESDAY OCTOBER 30TH 10:00AM

HOTEL * HENNESSEY, OKLAHOMA * 50- ROOMS * INCOME PRODUCING * EVENT CENTER * FULL OPERATIONAL * CURRENTLY OPERATING NO RESERVE AUCTION WEDNESDAY OCTOBER 30TH 10:00AM AUCTION LOCATION: 600 N. Main St Hennessey, OK. (Event Center) General Description Hotel: This very nice 3-story 50-room hotel built in 2013 is situated in the town of Hennessey, Oklahoma. The building consists of approximately sq. ft. with an adjoining Event Center that consists of 3,015 sq. ft. The building has composition asphalt shingles, stone/Stucco siding with large 1,500 Sq. ft. covered entry parking. The property consists of approximately 77,927 sq ft. with large parking approx. 60-70 parking, as well as, multiple truck/trailer parking. There is central vac throughout the hotel including in each room, 4- ice machines, 1-ATM machine (owned) (first floor), vending machines (leased), kitchen, coffee bar, dining area, breakfast/food area, elevator system, stairways on each end of the hotel, administration office, check inn counter, exercise room, guest laundry on all floors (new washer/dryer being currently installed on 1st & 2nd), large commercial laundry for linens, meeting room with 40 -person capacity. Lots more. This is a very nice and well- kept hotel, so be sure to make plans to visit (see preview times). Rooms: 16- King rooms, 1-King Handi-cap, 5-King Suites, 26- Queen, 1-Queen Handi-cap, Occupancy Rate: Last 3-months was 66%; Last two months was 80% Population/Traffic County of Hennessey, OK.: The 2022 Census Bureau says 2,156. Daily Average for daily traffic at the intersection of Hwy 81 & 51 is 4,000 vehicles Adjoining Businesses to Hotel: Sonic, Golden Chick, Heritage Pharmacy, Eagle Propane, Car wash, Sinclair convenience store, Casey's Truckstop, Dollar General, Family Medical Center Area Description: Hennessey, Oklahoma is a rural community with lots of agricultural farming, as well as, lot of oilfield businesses, nice school system, local restaurants and more! General Description Event Center: This center has metal roof with Stucco siding and stone front pillars for cover and consists of approximately 3,015 Sq. Ft. There are 2-zones central HVAC, full kitchen with refrigerator, stove, counter bar, men's and women's bathrooms, and large meeting area. (This build has been rented for numerous events in the past including: auctions, receptions, birthday's, anniversary, reunions and lots more! Auctioneers Note: This is a fully functional and very clean hotel that is still currently in operation and will be ready for the new owner to take over at closing. It currently has the Sleep Inn & Suites flag but will be upon the new owner to retain. Taxes: $27,056.00 Possession: will be given at closing Pre-Offers: No pre-offers will be accepted prior to auction day Pre-Viewing: can be done Sunday - Wednesday and Thursdays before 5pm Contact Faraz Arif General Manager (405) 853-2126. He can answer all questions about the hotel and will be glad to give the tour. Internet Bidding: will be available by logging on to www.lippardauctions.com to register. Neither the auction company nor the seller is responsible in the event of loss of internet signal by either side. Terms: 5% of the total purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title. Disclaimer: All information has been taken from sources believed reliable; however, no guarantee is being made by the auction company nor the seller. Bidders should satisfy themselves as to any inspections prior to bidding. Any announcements made the day of the auction shall supersede any comments or marketing. SELLER: HENNESSEY HOTELS, LLC & HENNESSEY INN AND SUITES, INC.