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Hotel-Motel

Spark by Hilton Catoosa

18725 E Admiral Pl, Catoosa, OK 74015

Listing Price: $7,500,000

Cap Rate
9.50%
Number of Rooms
80
RevPAR
$66
Gross SF
74,042
Price/Room
$93,750
RRM
3.90
Price/Gross SF
$101.29
Year Built
2005

Investment Overview

Marcus & Millichap has been chosen to exclusively market the Spark by Hilton Catoosa which can be purchased separately or in a portfolio with the Holiday Inn Express & Suites Tulsa East-Catoosa. This property opened in September 2024 with over $2M in Capex Renovations, it is a three story interior corridor property contains 80 rooms. Hotel amenities include free breakfast, Wi-Fi, meeting rooms, digital key, and connecting rooms.

Spark by Hilton Catoosa benefits from the transient demand on Interstate-44, which gets 100,000 vehicles per day, 14% of which are semi-trucks. The property also benefits from other local attractions; being withing 10 minutes from the Tulsa International Airport, and is also right across the street from the infamous Hard Rock Casino and event venue. Catoosa's Historic downtown is another popular attraction featuring a variety of shops, dining, and annual events.

Investment Highlights

  • Opened September 2024 – Over $2M in Capex Renovations
  • The first and only Spark by Hilton brand in Tulsa MSA
  • Can be purchased separately or as a portfolio along with the Holiday Inn Express Catoosa next door
  • Directly across the street from the iconic Hard Rock Casino
  • 10 minutes from Tulsa International Airport
  • Prime location off I-44 with great Highway Visibility (gets 100,000 VHD, 14% of which are semi-trucks)

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

Spark by Hilton Catoosa

Listing Price: $7,500,000

Cap Rate
9.50%
Number of Rooms
80
RevPAR
$66
Gross SF
74,042
Price/Room
$93,750
RRM
3.90
Price/Gross SF
$101.29
Year Built
2005

Investment Highlights

  • Opened September 2024 – Over $2M in Capex Renovations
  • The first and only Spark by Hilton brand in Tulsa MSA
  • Can be purchased separately or as a portfolio along with the Holiday Inn Express Catoosa next door
  • Directly across the street from the iconic Hard Rock Casino
  • 10 minutes from Tulsa International Airport
  • Prime location off I-44 with great Highway Visibility (gets 100,000 VHD, 14% of which are semi-trucks)

Investment Overview

Marcus & Millichap has been chosen to exclusively market the Spark by Hilton Catoosa which can be purchased separately or in a portfolio with the Holiday Inn Express & Suites Tulsa East-Catoosa. This property opened in September 2024 with over $2M in Capex Renovations, it is a three story interior corridor property contains 80 rooms. Hotel amenities include free breakfast, Wi-Fi, meeting rooms, digital key, and connecting rooms. Spark by Hilton Catoosa benefits from the transient demand on Interstate-44, which gets 100,000 vehicles per day, 14% of which are semi-trucks. The property also benefits from other local attractions; being withing 10 minutes from the Tulsa International Airport, and is also right across the street from the infamous Hard Rock Casino and event venue. Catoosa's Historic downtown is another popular attraction featuring a variety of shops, dining, and annual events.

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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