8405 E 102nd St S - Hospitality FOR SALE


Tulsa, OK 74133
$7,600,000 USD
916-390-4240
8405 E 102nd St S, Tulsa, OK for Sale
$7,600,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

8405 E 102nd St S
Tulsa, OK 74133


HIGHLIGHTS

  • 1.6 Million Dollar Formula Blue v2.0 renovation completed in August 2024 / No transfer PIP
  • 15 Year License
  • Revenue ramping up significantly from renovation disruption
  • No deferred maintenance

OVERVIEW

This 92-unit Holiday Inn Express & Suites in Tulsa South, Bixby, represents a compelling investment opportunity, with the added benefit of having recently completed the brand’s Formula Blue PIP as of July 2024. This ensures that the property is in full compliance with IHG standards, freeing potential buyers from any immediate capital expenditure on renovations. Strategically located off the Creek Turnpike and Memorial Drive, the hotel provides excellent accessibility to a range of highways, including I-44, Route 66, and US Highway 75, offering easy connections to Oklahoma City, Dallas, and other major cities. The property is designed to cater to both business and leisure travelers, with modern amenities that include a 24-hour fitness center, an indoor heated pool, and a complimentary hot breakfast. Business guests will appreciate the private boardroom and flexible meeting space that can accommodate up to 100 people, making it an ideal venue for corporate events or gatherings. The hotel’s location in the thriving South Tulsa area, near key attractions, entertainment and restaurants further enhances its appeal. Proximity to numerous demand generators such as the SpiritBank Event Center, Tulsa International Airport, and major medical facilities like the St. Francis Heart Hospital makes this property well-positioned to capture diverse segments of room nights. Whether catering to business travelers, tourists, or event-goers, this Holiday Inn Express & Suites is primed to deliver strong, consistent performance in a growing market.

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$137 USD /SF

# OF ROOMS

92

PRICE/ROOM

$82,609 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2011

PARKING SPACES

88

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,446 SF

ZONING

CS

APN/PARCEL ID

58287-83-25-67720

ASK ABOUT THIS PROPERTY

Dan HaywardKW CommercialMore Info
916-390-4240

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

Dan HaywardKW CommercialMore Info
916-390-4240

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