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Hotel-Motel

Clarion Inn & Suites Central I 44 Tulsa

3209 S 79th E Ave, Tulsa, OK 74145

Listing Price: $3,900,000

Cap Rate
7.04%
Number of Rooms
147
RevPAR
$16
Gross SF
81,557
Price/Room
$26,531
RRM
3.50
Price/Gross SF
$47.82
Year Built
1985

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale Clarion Inn & Suites Central I 44 Tulsa, a four-story limited service hotel located six miles from Downtown Tulsa, Oklahoma. The hotel consists of 147 exterior corridor rooms at the intersection of Interstate 44 and U.S. Route 64. Amenities include a seasonal outdoor pool & spa, fitness center, complimentary breakfast buffet, guest laundry facilities, business center and 1,025 square feet of meeting space. The property was recently renovated in 2018 and could be converted to either a dual-brand hotel or apartments (see page 4 for dual-brand details).

The Clarion Inn & Suites Central I 44 Tulsa is located a short drive to Downtown Tulsa and Tulsa International Airport. The property is within walking distance to the Tulsa Tech Lemley Memorial Campus, the original flagship of Tulsa Tech which features a health sciences center and industry training center. Nearby attractions include the Tulsa State Fair, Philbrook Museum of Art, Gathering Place and Tulsa Zoo. Also nearby are the Bok Center (home to Tulsa Oilers ECHL hockey team) and Oneok Field (home to MiLBs Tulsa Drillers). Additionally, the property benefits from its location in the Tulsa market, which boasts interstate access to many major markets, an affordable cost of living, and nearly 60 Fortune 500 companies.

Investment Highlights

  • Upside: Management or Conversion Opportunity
  • Possible Dual-Brand Conversion to Choice, Wyndham or Red Roof Brands
  • Priced at $26k Per Key
  • Renovated in 2018
  • Seven Miles to Tulsa International Airport
  • Nearby Attractions Include Tulsa State Fair, Bok Center, Oneok Field and Tulsa Zoo

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Hotel-Motel

Clarion Inn & Suites Central I 44 Tulsa

Listing Price: $3,900,000

Cap Rate
7.04%
Number of Rooms
147
RevPAR
$16
Gross SF
81,557
Price/Room
$26,531
RRM
3.50
Price/Gross SF
$47.82
Year Built
1985

Investment Highlights

  • Upside: Management or Conversion Opportunity
  • Possible Dual-Brand Conversion to Choice, Wyndham or Red Roof Brands
  • Priced at $26k Per Key
  • Renovated in 2018
  • Seven Miles to Tulsa International Airport
  • Nearby Attractions Include Tulsa State Fair, Bok Center, Oneok Field and Tulsa Zoo

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale Clarion Inn & Suites Central I 44 Tulsa, a four-story limited service hotel located six miles from Downtown Tulsa, Oklahoma. The hotel consists of 147 exterior corridor rooms at the intersection of Interstate 44 and U.S. Route 64. Amenities include a seasonal outdoor pool & spa, fitness center, complimentary breakfast buffet, guest laundry facilities, business center and 1,025 square feet of meeting space. The property was recently renovated in 2018 and could be converted to either a dual-brand hotel or apartments (see page 4 for dual-brand details).

The Clarion Inn & Suites Central I 44 Tulsa is located a short drive to Downtown Tulsa and Tulsa International Airport. The property is within walking distance to the Tulsa Tech Lemley Memorial Campus, the original flagship of Tulsa Tech which features a health sciences center and industry training center. Nearby attractions include the Tulsa State Fair, Philbrook Museum of Art, Gathering Place and Tulsa Zoo. Also nearby are the Bok Center (home to Tulsa Oilers ECHL hockey team) and Oneok Field (home to MiLBs Tulsa Drillers). Additionally, the property benefits from its location in the Tulsa market, which boasts interstate access to many major markets, an affordable cost of living, and nearly 60 Fortune 500 companies.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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