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Hotel-Motel

Holiday Inn Express & Suites Jenks Tulsa-South

150 Aquarium Dr, Jenks, OK 74037

Listing Price: $7,250,000

Cap Rate
8.40%
Number of Rooms
76
RevPAR
$63
Gross SF
100,798
Price/Room
$95,395
Price/Gross SF
$71.93
Year Built
2005

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express Jenks Tulsa-South, a four-story limited service hotel located in Jenks, Oklahoma. The property is ideally located walking distance to the Oklahoma Aquarium and 10 miles south of Downtown Tulsa, which brought nearly 10 million visitors in 2019. The market is host to several museums, sporting venues and other attractions including the River Spirit Casino, Expo Square/Tulsa State Fair, and Tulsa Raceway Park. The hotel's 76 guest rooms include a flat-screen TV, work desk and closet. Hotel amenities include a heated indoor pool & spa, fitness center, outdoor patio with seating and complimentary breakfast. Business amenities include a business center and 7,888 square feet of meeting space. The Holiday Inn Express Jenks Tulsa-South 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

  • Formula Blue PIP Completed in 2021
  • Next Door to the Oklahoma Aquarium (~400k Visitors Per Year), Perfectly Located on the Arkansas River
  • Close Proximity to the Bok Center Arena, Tulsa Fairgrounds, and the Fabulous New River Spirit Casino
  • Near Oral Roberts Univ, The Univ of Tulsa, OU Tulsa and OSU Tulsa
  • Within 7 Miles of Three Medical Centers
  • Ideally Located in South Tulsa, Off of Highway 364, Near Several Attractions and Businesses
  • Within a Few Minutes' Drive to Key Companies such as AAON, AEP, BNSF, BHGE, Kimberly Clark, Flowserve, Champagne Metals, Helmbriscoe and Praxair

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Hotel-Motel

Holiday Inn Express & Suites Jenks Tulsa-South

Listing Price: $7,250,000

Cap Rate
8.40%
Number of Rooms
76
RevPAR
$63
Gross SF
100,798
Price/Room
$95,395
Price/Gross SF
$71.93
Year Built
2005

Investment Highlights

  • Formula Blue PIP Completed in 2021
  • Next Door to the Oklahoma Aquarium (~400k Visitors Per Year), Perfectly Located on the Arkansas River
  • Close Proximity to the Bok Center Arena, Tulsa Fairgrounds, and the Fabulous New River Spirit Casino
  • Near Oral Roberts Univ, The Univ of Tulsa, OU Tulsa and OSU Tulsa
  • Within 7 Miles of Three Medical Centers
  • Ideally Located in South Tulsa, Off of Highway 364, Near Several Attractions and Businesses
  • Within a Few Minutes' Drive to Key Companies such as AAON, AEP, BNSF, BHGE, Kimberly Clark, Flowserve, Champagne Metals, Helmbriscoe and Praxair

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express Jenks Tulsa-South, a four-story limited service hotel located in Jenks, Oklahoma. The property is ideally located walking distance to the Oklahoma Aquarium and 10 miles south of Downtown Tulsa, which brought nearly 10 million visitors in 2019. The market is host to several museums, sporting venues and other attractions including the River Spirit Casino, Expo Square/Tulsa State Fair, and Tulsa Raceway Park. The hotel's 76 guest rooms include a flat-screen TV, work desk and closet. Hotel amenities include a heated indoor pool & spa, fitness center, outdoor patio with seating and complimentary breakfast. Business amenities include a business center and 7,888 square feet of meeting space. The Holiday Inn Express Jenks Tulsa-South 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

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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