Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Staybridge Suites Tulsa Woodland Hills, a four-story limited service hotel located in Tulsa, Oklahoma. The property is ideally located 10 miles southeast of Downtown Tulsa and only 11 miles from Tulsa International Airport, which accommodated more than 2.3 million passengers in 2019. The market is host to several museums, sporting venues and other attractions including the River Spirit Casino, Oklahoma Aquarium, Expo Square/Tulsa State Fair, and Tulsa Raceway Park. The hotel's 85 oversized guest suites include a flat-screen TV, work desk and separate living area with sofa bed. Each suite's kitchen is fully equipped with a stove, microwave, toaster, full-size refrigerator with ice maker, dishwasher, pots/pans/dishes, glassware, silverware and dining table. Hotel amenities include a heated outdoor pool, meeting space, business center, fitness center, outdoor sports court, patio with seating & grill, and guest laundry facilities. The Staybridge Suites Tulsa Woodland Hills represents the opportunity to acquire an IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Tulsa region.