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Hotel-Motel

Holiday Inn Express & Suites Glenpool Tulsa South

12209 S Yukon Ave, Glenpool, OK 74033

Listing Price: $7,000,000

Cap Rate
9.40%
Number of Rooms
89
RevPAR
$71
Gross SF
57,534
Price/Room
$78,652
Price/Gross SF
$121.67
Year Built
2013

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Glenpool Tulsa South, a four-story limited service hotel located in Glenpool, Oklahoma. The property is ideally located directly next to the Glenpool Conference Center and 14 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, Oklahoma Aquarium, Expo Square/Tulsa State Fair, and Tulsa Raceway Park. The hotel's 89 oversized guest rooms include a flat-screen TV, work desk and closet. Select suites include a sofa bed and/or jetted tub. Hotel amenities include a heated indoor pool & spa, fitness center, complimentary breakfast and a spacious, well-appointed lobby & lounge. Business amenities include a business center and 1,820 square feet of meeting space. The Holiday Inn Express & Suites Glenpool Tulsa South represents the opportunity to acquire an IHG-branded hotel in a desirable market near several demand drivers. The Property Improvement Plan is expected to be completed by new owner after trade. 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

  • Four-Story, 89-Key Hotel with IHG Brand Affiliation
  • Priced at an Attractive 3.0x RRM // 12.4% Cap Rate // $78,000 Per Key
  • 3 Universities and 3 Medical Centers Nearby
  • Ideally Located in South Tulsa, Off of Highway 364, Near Several Attractions and Businesses
  • The Tulsa Market Benefits from Excellent Infrastructure, an Affordable Cost of Living, and the Presence of Nearly 60 Fortune 500 Companies
  • Property Improvement Plan Expected to be Completed by New Owner After Trade

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s) OK: 181981

    Oklahoma

Financing By

Hotel-Motel

Holiday Inn Express & Suites Glenpool Tulsa South

Listing Price: $7,000,000

Cap Rate
9.40%
Number of Rooms
89
RevPAR
$71
Gross SF
57,534
Price/Room
$78,652
Price/Gross SF
$121.67
Year Built
2013

Investment Highlights

  • Four-Story, 89-Key Hotel with IHG Brand Affiliation
  • Priced at an Attractive 3.0x RRM // 12.4% Cap Rate // $78,000 Per Key
  • 3 Universities and 3 Medical Centers Nearby
  • Ideally Located in South Tulsa, Off of Highway 364, Near Several Attractions and Businesses
  • The Tulsa Market Benefits from Excellent Infrastructure, an Affordable Cost of Living, and the Presence of Nearly 60 Fortune 500 Companies
  • Property Improvement Plan Expected to be Completed by New Owner After Trade

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Glenpool Tulsa South, a four-story limited service hotel located in Glenpool, Oklahoma. The property is ideally located directly next to the Glenpool Conference Center and 14 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, Oklahoma Aquarium, Expo Square/Tulsa State Fair, and Tulsa Raceway Park. The hotel's 89 oversized guest rooms include a flat-screen TV, work desk and closet. Select suites include a sofa bed and/or jetted tub. Hotel amenities include a heated indoor pool & spa, fitness center, complimentary breakfast and a spacious, well-appointed lobby & lounge. Business amenities include a business center and 1,820 square feet of meeting space. The Holiday Inn Express & Suites Glenpool Tulsa South represents the opportunity to acquire an IHG-branded hotel in a desirable market near several demand drivers. The Property Improvement Plan is expected to be completed by new owner after trade. 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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