18725 E Admiral Pl - Hospitality FOR SALE


Catoosa, OK 74015
$7,500,000 USD
480-567-6853
18725 E Admiral Pl, Catoosa, OK for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

18725 E Admiral Pl
Catoosa, OK 74015


HIGHLIGHTS

  • Opened September 2024 – Over $2M in Capex Renovations
  • The first and only Spark by Hilton brand in Tulsa MSA
  • 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)

OVERVIEW

Marcus & Millichap has been chosen to exclusively market for sale, 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. To view offering summary and due diligence please visit https://sparkbyhiltoncatoosa.sharplaunch.com/ or contact Michael Knall directly at (214) 500-4295 for more information.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$101 USD /SF

# OF ROOMS

80

PRICE/ROOM

$93,750 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spark by Hilton Catoosa Tulsa

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2005

PARKING SPACES

79

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

IL

APN/PARCEL ID

03870-94-01-07400

ASK ABOUT THIS PROPERTY

Josh TammenMarcus & MillichapMore Info
480-567-6853

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Josh TammenMarcus & MillichapMore Info
480-567-6853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.