Mead Listing-141 Whippoorwill

EXCELLENT INCOME-PRODUCING INVESTMENT OPPORTUNITY NEAR LAKE TEXOMA

Offered at $1,750,000, this established hospitality and workforce housing property offers 22 doors, 45 beds and approximately 7 +/- acres in a strategic location between Durant and Kingston, just 1/4 mile off Highway 70. The property is currently near full occupancy and includes approximately 4 acres of undeveloped land, creating an opportunity for future expansion, including a potential RV park.

The property offers a diversified mix of lodging options, including cabins, extended-stay motel units and a mobile home, providing multiple income streams and flexibility for daily, weekly and monthly rentals. A 10-unit extended-stay motel was constructed in 2021. The property also includes an on-site laundromat with two washers and two dryers, with room for expansion.

Units are furnished and equipped for extended stays, including induction cooktops, cookware, dishes and other needed appliances. Current operations benefit from consistent demand from construction crews, contract workers and other extended-stay guests, while the Lake Texoma location also provides the opportunity to expand vacation and short-term rental business.

LOCATION & GROWTH POTENTIAL

The property is conveniently located between Durant and Kingston and approximately 1/4 mile from Highway 70, providing access to Lake Texoma recreation, area employment and major regional destinations. Nearby attractions and developments include Johnson Creek State Park, Willow Springs Marina, Catfish Bay, Choctaw Casino & Resort in Durant, West Bay Casino and the Pointe Vista development in the Kingston/Lake Texoma area.

The property is also positioned near ongoing and planned regional investment, including the Roosevelt Memorial Bridge project and continued development surrounding Lake Texoma. Its proximity to the Texas border and Sherman-Denison employment corridor adds another potential source of workforce housing demand.

VALUE-ADD OPPORTUNITY

Approximately 4 acres of the 7 +/- acre property are currently undeveloped, providing significant room for future growth. A buyer could explore development of an RV park, additional lodging or other complementary uses, subject to applicable zoning, permitting and utility requirements.

The existing operation also offers flexibility to continue the current extended-stay/workforce housing model, increase short-term vacation rentals, or operate a combination of both to capture multiple segments of the Lake Texoma market.

The business has operated since 2014. The current ownership acquired the property in 2021 and has made numerous additions and improvements, including the extended-stay units, tiny-home accommodations, induction cooktops and other enhancements to the existing lodging.

Utilities include OG&E electric, Bryan County water and an aerobic septic system.

INVESTMENT HIGHLIGHTS

• $1,750,000 asking price
• 22 doors
• 45 beds
• Approximately 7 +/- acres
• Approximately 4 undeveloped acres with future expansion potential
• Potential RV park development opportunity
• Currently near full occupancy
• Multiple lodging types and revenue streams
• Daily, weekly and monthly rental capability
• Established workforce and extended-stay demand
• Short-term vacation rental potential
• Furnished and equipped units
• On-site laundromat
• Near Lake Texoma, Durant, Kingston and Choctaw Casino & Resort
• Convenient access to Highway 70 and the Texas/Sherman-Denison corridor
• Established operation with additional development potential

Financial information available to qualified buyers. This offering provides an opportunity to acquire an operating income-producing property with existing occupancy, diversified lodging options and approximately 4 acres available for future expansion in the growing Lake Texoma area.