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Mar 2

Written by: Bekz
3/2/2010 9:25 AM 

National Commercial Auctioneers [www.natcomauctions.com] has scheduled to sell to the highest bidder two operating hotels in Oklahoma. One property is a 139 room Quality Inn next to Oklahoma State University in Stillwater and the other property is a 138 room Quality Inn located in Ponca City. Both properties are managed by a Court appointed receiver.

“These properties have exceptional upside potential given their excellent locations, size and features,” comments Stephen Karbelk, CAI, AARE, President and Founder of National Commercial Auctioneers, the commercial real estate auction company hired by the Receiver to liquidate the properties. “These full-service properties have a history of generating over $1.3 million a year in cash flow and I think there is even more upside.”

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