7852 W Parkway Blvd - Hospitality FOR SALE


Tulsa, OK 74127
$6,249,570 USD
661-978-3109
7852 W Parkway Blvd, Tulsa, OK for Sale
$6,249,570 USD
Hospitality - FOR SALE
1/16
null | 6.74% Cap Rate

7852 W Parkway Blvd
Tulsa, OK 74127


HIGHLIGHTS

  • CALL FOR OFFERS
  • Extensive $1.7 Million Renovation Completed in 2023
  • Projected Revenues of $1,600,000-$1,700,000
  • Tremendous Upside Potential to New Owner

OVERVIEW

Thank you for your interest in the Hampton Inn in Tulsa, Oklahoma. * * Highlights & Location: *The property has undergone an extensive $1.7 million Renovation which completed a majority of the Forever Young PIP. The hotel offers the next owner an upside potential to meet market demand and compete with its CompSet performance with a Renovated property. ****** *During early 2023 the Hotel suffered a Plumbing issue that affected 42 rooms being Out of Order for nearly 6 months to make the repairs from the damage. ****** *With the insurance claim, the renovations are COMPLETED, and the hotel is back on track to perform to previous revenues. ***** *With aggressive Revenue Management, the hotel should have projected revenues of $1,600,000 to $1,700,000 for 2024/2025 * * Oklahoma Broker of Record: Brian Brockman Bor@bangrealty.com OK DRE 177814 Bang Realty-Oklahoma Inc

FOR SALE DETAILS

PRICE

$6,249,570 USD

PRICE/SF

$156 USD /SF

# OF ROOMS

70

PRICE/ROOM

$89,280 {currency}

CAP RATE

6.74%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton by Hilton Inn Tulsa-Sand Springs

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2001

PARKING SPACES

110

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

CS

APN/PARCEL ID

62236-92-07-29530

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.