23 N 67th East Ave - Hospitality FOR SALE


Tulsa, OK 74115- McKinley Mitchell
$5,500,000 USD
818-851-3314
23 N 67th East Ave, Tulsa, OK for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

23 N 67th East Ave
Tulsa, OK 74115
McKinley Mitchell


HIGHLIGHTS

  • 72 Unit, 3 Story, Interior Corridor Hotel
  • PIP Fully Completed; Hotel is in Excellent Condition
  • Excellent Location Minutes from Tulsa International Airport, Easy Access to Interstate 244
  • Absentee Out of State Ownership - Significant Upside Opportunity for Hands-On Owner
  • TTM Revenue through May 2025: $1,309,758
  • Diverse Mix of Demand Generators in Tulsa, which has a Population of 400,000+

OVERVIEW

The La Quinta Inn & Suites by Wyndham Tulsa Airport/Expo Square in Tulsa, OK is a 72 room, 3 story interior corridor hotel just minutes from Tulsa International Airport and the Tulsa Zoo. The hotel provides a convenient and comfortable stay for both business and leisure travelers and is a fantastic, turnkey opportunity for a hotel investor. The hotel was fully renovated to complete the latest PIP requirements, and is in excellent condition. The hotel features an indoor pool, breakfast room, 725 square feet of event and meeting space, and an excellent location five miles from downtown. Trailing twelve month revenue per STR trend report through December 2024 is $1,227,276 with an absentee out of state Owner, resulting in a significant opportunity for an onsite Owner. There is a diverse mix of revenue generators including the Tulsa International Airport, Tulsa Zoo, and numerous leisure destinations. The hotel is also nearby to the University of Tulsa and Expo Square along with several other large companies in the finance, aviation, telecommunications, and technology spaces. The hotel's central location is between Oklahoma City, Springfield, Little Rock, Dallas, and Kansas City.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$141 USD /SF

# OF ROOMS

72

PRICE/ROOM

$76,389 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn & Suites by Wyndham Tulsa

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

IL

APN/PARCEL ID

33400-93-02-08090

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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