18705 E Admiral Pl - Hospitality FOR SALE


Catoosa, OK 74015
$5,500,000 USD
661-978-3109
18705 E Admiral Pl, Catoosa, OK for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/29
null | 4.9% Cap Rate

18705 E Admiral Pl
Catoosa, OK 74015


HIGHLIGHTS

  • Asking price $5,500,000 ($78,500 Per Key) 35% Below Construction Cost
  • Like New 2000 Built Very Modern Latest Design
  • High Demand Generator Hard Rock Casino Prime Location
  • Mismanaged & Underperforming Comp Set with Tremendous Revenue & Profit Upside
  • $1.5M-$1.6M Potential Rev
  • Motivated (Big Company) Seller

OVERVIEW

HIGHLIGHTS AND LOCATION The stunning 2020-built GLo by Best Western Catoosa, Tulsa, OK, is a 70-room Upper-Midscale hotel featuring modern designs. Strategically located off I-44 and Route 66, it’s across from the Hard Rock Casino and minutes from Tulsa International Airport, ideal for business and leisure travelers. * * * Property Overview: Prime Location: Just 14 miles from Tulsa, near the Hard Rock Hotel and Tulsa Port of Catoosa, a hub employing over 4,000 people. Revenue Upside: Opportunity to increase revenue by $600,000 with better management, achieving $1.5M–$1.6M in potential revenue. Seller Motivation: The seller is divesting to focus on core assets, offering a prime opportunity for a hands-on operator. Minimal PIP: Best Western supports converting to a Best Western Plus with a $150,000 PIP, as the property is in excellent condition. Flexible Financing: Seller financing (2–3 years) or SBA 7A financing with 20%–35% down is available, enabling a fast close. * * * Oklahoma Broker of Record: Brian Brockman, CCIM Bor@bangrealty.com OK DRE 177814 Bang Realty-Oklahoma Inc Bang Realty

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$160 USD /SF

# OF ROOMS

70

PRICE/ROOM

$78,571 {currency}

CAP RATE

4.9%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GLo Best Western Tulsa East Route 66

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2020

PARKING SPACES

67

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

IL

APN/PARCEL ID

15597-94-01-07690

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.