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Hotel-Motel

Fairfield Inn & Suites Bartlesville

2107 SE Washington Blvd, Bartlesville, OK 74006

Listing Price: $6,250,000

Cap Rate
11.80%
Number of Rooms
85
RevPAR
$56
Gross SF
53,008
Price/Room
$73,529
RRM
3.70
Price/Gross SF
$117.91
Year Built
2009

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale, the Fairfield Inn & Suites Bartlesville, OK, conveniently located 42 miles Northwest of the Tulsa International Airport on Hwy 75. The area is seated in the Northeastern corner of Oklahoma, proudly hosting the most things to see and do in the area and considered throughout the oil community as the birth place of Phillips66, now known as ConocoPhillips. Experience the oil culture, museums and attractions that are unique to our area. Just a 30 minute drive Woolaroc, the former summer home of Frank Phillips, founder of Phillips66. Price Tower is the only high-rise ever designed by Frank Lloyd Wright and is an architectural icon with tours daily.

The property features a full complimentary hot breakfast, an indoor pool, fitness center, laundry, meeting space and mobile keys.

Investment Highlights

  • 11.8% in-place cap rate
  • Only Marriott hotel in Bartlesville MSA
  • No new hotels in development pipeline
  • Staff in-place for buyer, at buyers discretion
  • 30 miles from Tulsa International Airport
  • $55M Grant from DOE grant for Lithium Ion Battery Recycling Facility (3 miles from hotel) - $110M expansion

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Hotel-Motel

Fairfield Inn & Suites Bartlesville

Listing Price: $6,250,000

Cap Rate
11.80%
Number of Rooms
85
RevPAR
$56
Gross SF
53,008
Price/Room
$73,529
RRM
3.70
Price/Gross SF
$117.91
Year Built
2009

Investment Highlights

  • 11.8% in-place cap rate
  • Only Marriott hotel in Bartlesville MSA
  • No new hotels in development pipeline
  • Staff in-place for buyer, at buyers discretion
  • 30 miles from Tulsa International Airport
  • $55M Grant from DOE grant for Lithium Ion Battery Recycling Facility (3 miles from hotel) - $110M expansion

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale, the Fairfield Inn & Suites Bartlesville, OK, conveniently located 42 miles Northwest of the Tulsa International Airport on Hwy 75. The area is seated in the Northeastern corner of Oklahoma, proudly hosting the most things to see and do in the area and considered throughout the oil community as the birth place of Phillips66, now known as ConocoPhillips. Experience the oil culture, museums and attractions that are unique to our area. Just a 30 minute drive Woolaroc, the former summer home of Frank Phillips, founder of Phillips66. Price Tower is the only high-rise ever designed by Frank Lloyd Wright and is an architectural icon with tours daily. The property features a full complimentary hot breakfast, an indoor pool, fitness center, laundry, meeting space and mobile keys.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

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