Maya 'Tina' Patel of NewGen Advisory is pleased to present for sale OYO Hotel located in Tulsa, Oklahoma. This turnkey property underwent full renovation in 2020 as OYO and has zero PIP to incoming buyer. The fully renovated 71-unit exterior corridor property is a pride of ownership property within minutes from all that Tulsa has to offer to leisure and business travelers. Tulsa, Oklahoma is located on the Arkansas River in northeast Oklahoma, about 100 miles east of Oklahoma City.
The hotel's proximity to some of the city’s popular demand generators allows it to take full advantage of the prominent industries within the local economy. The region is known for its energy, entertainment, and manufacturing industries and attracts over ten million visitors annually. Tulsa is home to one Fortune 1000 company, Dollar Thrifty Automotive Group (6.1 miles), and two Fortune 500 companies, Oneok Field (12.3 miles) and Williams Companies (4.5 miles). Entertainment demand drivers for the city include one of the top 50 fine arts museums in the U.S., Philbrook Museum of Art (10.2 miles), as well as the Gilcrease Museum (16.4 miles), the largest collection of art and artifacts from the American West.