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Hotel-Motel

Staybridge Suites Tulsa Woodland Hills

11111 E 71st St, Tulsa, OK 74133

Listing Price: $7,400,000

Cap Rate
8.10%
Number of Rooms
85
RevPAR
$73
Gross SF
55,740
Price/Room
$87,059
Price/Gross SF
$132.76
Year Built
2002

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.

Investment Highlights

  • The Only Staybridge Suites in Tulsa
  • Within a Few Miles of 4 Hospitals & 3 Major Medical/Surgical Centers
  • Short Drive to Oral Roberts Univ, The Univ of Tulsa, OU Tulsa, and OSU Tulsa
  • Ideally Located in Southeast Tulsa, Off of U.S. Route 64, Near Several Attractions and Businesses
  • Tulsa Currently has Over $500M+ in Economic Development Projects

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s) OK: 181981

    Oklahoma

Financing By

Hotel-Motel

Staybridge Suites Tulsa Woodland Hills

Listing Price: $7,400,000

Cap Rate
8.10%
Number of Rooms
85
RevPAR
$73
Gross SF
55,740
Price/Room
$87,059
Price/Gross SF
$132.76
Year Built
2002

Investment Highlights

  • The Only Staybridge Suites in Tulsa
  • Within a Few Miles of 4 Hospitals & 3 Major Medical/Surgical Centers
  • Short Drive to Oral Roberts Univ, The Univ of Tulsa, OU Tulsa, and OSU Tulsa
  • Ideally Located in Southeast Tulsa, Off of U.S. Route 64, Near Several Attractions and Businesses
  • Tulsa Currently has Over $500M+ in Economic Development Projects

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.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s): OK: 181981

    Oklahoma

Financing By

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