Hotel-Motel
Extended Stay America - Tulsa - Midtown
7901 E 31st Ct S, Tulsa, OK 74145
Listing Price: $6,000,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive offering of
Extended Stay America Tulsa Midtown, a 73-key extended-stay hotel
located in Tulsa, Oklahoma. The Property offers investors the
opportunity to acquire a stabilized hospitality asset with strong in-place
cash flow, durable extended-stay demand drivers, and additional upside
potential through continued revenue optimization.
The Property achieved 84% occupancy in Year End 2025 while
generating approximately $1.43 million in revenue and approximately
$655,000 in NOI. The revenues and NOI are consistent through May
2026, providing a Buyer over $265K of after debt cash flow immediately
when stepping into the property. Strong operating performance is
supported by the hotel’s strategic Tulsa location, efficient operating
model, and diversified long-term guest demand base.
Extended Stay America Tulsa Midtown benefits from consistent demand
generated by healthcare, construction, relocation, infrastructure, and
corporate travelers seeking longer-term accommodations. Offered at
$6 million ($82,192/key), the Property provides an attractive
below-replacement-cost basis with compelling day-one yield potential
for private investors and 1031 exchange buyers.
Extended Stay America - Tulsa - Midtown
Investment Highlights
- 2026 Renovation Underway – scheduled for completion in September/October 2026
- Extended-Stay Model – All rooms feature kitchenettes, supporting longer stays and lower operating expenses
- Minimal Remaining PIP – Approximately $54,000 remaining PIP items with ESA's affordable renovation cycle
- 40%+ In-Place NOI Margin – Strong operating efficiency driving attractive day-one cash flow
- Consistent Occupancy Outperformance – Occupancy has exceeded the competitive set over the past three years, averaging ~80%. May 2026 Occupancy was at 96%
- 20%+ Cash-on-Cash Returns – Strong in-place leveraged returns for day-one investors
- Diverse Demand Drivers – Supported by 10+ healthcare facilities, 15+ colleges and universities, and immediate access to I-44/U.S. Route 64
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
Listing Price: $6,000,000
Investment Highlights
- 2026 Renovation Underway – scheduled for completion in September/October 2026
- Extended-Stay Model – All rooms feature kitchenettes, supporting longer stays and lower operating expenses
- Minimal Remaining PIP – Approximately $54,000 remaining PIP items with ESA's affordable renovation cycle
- 40%+ In-Place NOI Margin – Strong operating efficiency driving attractive day-one cash flow
- Consistent Occupancy Outperformance – Occupancy has exceeded the competitive set over the past three years, averaging ~80%. May 2026 Occupancy was at 96%
- 20%+ Cash-on-Cash Returns – Strong in-place leveraged returns for day-one investors
- Diverse Demand Drivers – Supported by 10+ healthcare facilities, 15+ colleges and universities, and immediate access to I-44/U.S. Route 64
Investment Overview
Marcus & Millichap is pleased to present the exclusive offering of Extended Stay America Tulsa Midtown, a 73-key extended-stay hotel located in Tulsa, Oklahoma. The Property offers investors the opportunity to acquire a stabilized hospitality asset with strong in-place cash flow, durable extended-stay demand drivers, and additional upside potential through continued revenue optimization. The Property achieved 84% occupancy in Year End 2025 while generating approximately $1.43 million in revenue and approximately $655,000 in NOI. The revenues and NOI are consistent through May 2026, providing a Buyer over $265K of after debt cash flow immediately when stepping into the property. Strong operating performance is supported by the hotel’s strategic Tulsa location, efficient operating model, and diversified long-term guest demand base. Extended Stay America Tulsa Midtown benefits from consistent demand generated by healthcare, construction, relocation, infrastructure, and corporate travelers seeking longer-term accommodations. Offered at $6 million ($82,192/key), the Property provides an attractive below-replacement-cost basis with compelling day-one yield potential for private investors and 1031 exchange buyers.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
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