Description:

Located on Ponca City's major thoroughfare (Hwy 77), this 138 room, 2-story, exterior corridor fully operating Quality Inn has all the features of the ideal hotel investment. With its excellent visibility and sturdy construction, this property only requires a new owner that is ready to make profits! The property is located on 3.80 acres and is adjacent to North 14th Street and Bradley Street. The rooms are split between Kings and Double Doubles with one large King Suite. The lobby has a clean, country feeling that is welcoming to all visitors. Additional features include 672+/- sq ft of meeting space, fitness center, outdoor pool and a business center. Many of the interior features were updated in 2005 - 2007, including new carpet, flat screen TV's (approximately one-half of the rooms), interior and exterior paint, paving, pool furniture and more. The parking lot has 131 spaces. Water and sewer are serviced by public utilities.

In addition to the excellent income potential from the guest rooms, the hotel has a popular local eatery called Hero's Restaurant and separately a nightclub called Spirits Lounge, a pool and dance club that is large enough to accommodate live entertainment. Both businesses convey with the real estate and are part of this incredible business and real estate opportunity.  The Quality Inn franchise agreement does not convey with the property.

Ponca City is a very progressive clean community with great infrastructure to include power, water, streets, police and fire departments.  Ponca City is the only city in the state to have the fastest wireless mesh internet Wi-Fi free to all businesses and citizens in the city limits.  Ponca City is also the first city in the state to have automatic meter reading for both water and electric utilities.  Culture is abound with two new Smithsonian quality museums, the Marland Mansion which is the tenth Governor of Oklahoma's home which is Registered as a National Historic Landmark, and many other tourism destinations.  Ponca City is host to the Grand National Moto-Cross each summer and the famous 101 Ranch Rodeo.  Currently under construction is  the 46 acre $21,900,000 Ponca City Family Aquatic Center YMCA that will open in late 2010.  People visiting Ponca City are always impressed with a beautiful, historic, clean, friendly town and enjoy their visit or choose to move to Ponca City.

 Directions:

Blackwell-  I-35 Exit 222, Take Hwy 11 east 15miles to Hwy 77 south. Go south 7.5 miles to Hwy 77 /14th Street/ and Bradley. Hotel is on east side after intersection.

Tonkawa- I-35 Exit 214, Take Hwy 60 east 4miles. Hwy 60 will merge with Hwy 77 north. Remain on Hwy 77 north /Hwy 60/ for 12 miles to intersection. Remain on Hwy 77 North /14th Street/ 4.5 miles. Hotel is on east side, just past Blockbuster and McDonalds.                                                                              

Cimarron Turnpike-  Exit 15, Tell toll booth attendant you are exiting to Ponca City. Take Hwy 177 North 20 miles where Hwy 177 turns into Hwy 77 North. Stay on Hwy 77 North for 4.5 miles. Hotel is on east side just past Blockbusters and McDonalds.

Summary of Terms:

10% Buyers Premium. No representations or warranties, expressed, written or implied by the Seller or Auctioneer. All property is being sold "AS-IS, WHERE-IS". In order to bid at the auction, a non-refundable deposit of 10% ($150,000 minimum) of the purchase is required.  Closing within 30 days of Court approval of the sale; District Court of Kay County, State of Oklahoma, in Case No. CJ-2010-9. 1.5% Broker participation invited. Complete terms and conditions will be provided prior to auction day.

Effective March 24, 2010, NCA has learned that this auction will require Court approval and will not be sold absolute.

To receive a Property Information Package, complete the Confidentiality Agreement in the documents file above, sign and fax it to 918-895-7076. For more information, call 877-895-7077.

Stephen Karbelk, Broker #156171
Joseph DePalma, Receiver