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Hotel-Motel

Fairfield Inn & Suites Tulsa Southeast Crossroads Village

9150 S 102nd St, Tulsa, OK 74133

Listing Price: $5,500,000

Cap Rate
9.60%
Number of Rooms
99
RevPAR
$49
Gross SF
54,823
Price/Room
$55,556
Price/Gross SF
$100.32
Year Built
2009

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Fairfield Inn & Suites Tulsa Southeast Crossroads Village, a four-story limited service hotel located in Tulsa, Oklahoma. The property is ideally located 14 miles southeast of Downtown Tulsa and only 12 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 99 guest rooms include a flat-screen TV, work desk, microwave, mini refrigerator and coffee maker. Select suites include a living area with sofa bed. Hotel amenities include a heated indoor pool, meeting space, business center, fitness center, and guest laundry facilities. The Fairfield Inn & Suites Tulsa Southeast Crossroads Village represents the opportunity to acquire a Marriott-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

  • Four-Story Marriott Branded Hotel with Major Value-Add Upside Potential
  • Across from the VA Hospital Outpatient Center - Opened July 2021
  • Adjacent to the Post-Acute Rehabilitation Hospital of Tulsa
  • 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
  • The Tulsa Market Benefits from Excellent Infrastructure, an Affordable Cost of Living, and the Presence of Nearly 60 Fortune 500 Companies

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

Fairfield Inn & Suites Tulsa Southeast Crossroads Village

Listing Price: $5,500,000

Cap Rate
9.60%
Number of Rooms
99
RevPAR
$49
Gross SF
54,823
Price/Room
$55,556
Price/Gross SF
$100.32
Year Built
2009

Investment Highlights

  • Four-Story Marriott Branded Hotel with Major Value-Add Upside Potential
  • Across from the VA Hospital Outpatient Center - Opened July 2021
  • Adjacent to the Post-Acute Rehabilitation Hospital of Tulsa
  • 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
  • The Tulsa Market Benefits from Excellent Infrastructure, an Affordable Cost of Living, and the Presence of Nearly 60 Fortune 500 Companies

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Fairfield Inn & Suites Tulsa Southeast Crossroads Village, a four-story limited service hotel located in Tulsa, Oklahoma. The property is ideally located 14 miles southeast of Downtown Tulsa and only 12 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 99 guest rooms include a flat-screen TV, work desk, microwave, mini refrigerator and coffee maker. Select suites include a living area with sofa bed. Hotel amenities include a heated indoor pool, meeting space, business center, fitness center, and guest laundry facilities. The Fairfield Inn & Suites Tulsa Southeast Crossroads Village represents the opportunity to acquire a Marriott-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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