Holiday Inn Express | 8405 E 102nd St S
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Holiday Inn Express 8405 E 102nd St S
92 Room Hotel Tulsa, OK 74133 $7,600,000 ($82,609/Room)
Investment Highlights
- 1.6 Million Dollar Formula Blue v2.0 renovation completed in August 2024 / No transfer PIP
- Revenue ramping up significantly from renovation disruption
- 15 Year License
- No deferred maintenance
Executive Summary
This 92-unit Holiday Inn Express & Suites in Tulsa South, Bixby, represents a compelling investment opportunity, with the added benefit of having recently completed the brand’s Formula Blue PIP as of July 2024. This ensures that the property is in full compliance with IHG standards, freeing potential buyers from any immediate capital expenditure on renovations. Strategically located off the Creek Turnpike and Memorial Drive, the hotel provides excellent accessibility to a range of highways, including I-44, Route 66, and US Highway 75, offering easy connections to Oklahoma City, Dallas, and other major cities.
The property is designed to cater to both business and leisure travelers, with modern amenities that include a 24-hour fitness center, an indoor heated pool, and a complimentary hot breakfast. Business guests will appreciate the private boardroom and flexible meeting space that can accommodate up to 100 people, making it an ideal venue for corporate events or gatherings. The hotel’s location in the thriving South Tulsa area, near key attractions, entertainment and restaurants further enhances its appeal.
Proximity to numerous demand generators such as the SpiritBank Event Center, Tulsa International Airport, and major medical facilities like the St. Francis Heart Hospital makes this property well-positioned to capture diverse segments of room nights. Whether catering to business travelers, tourists, or event-goers, this Holiday Inn Express & Suites is primed to deliver strong, consistent performance in a growing market.
The property is designed to cater to both business and leisure travelers, with modern amenities that include a 24-hour fitness center, an indoor heated pool, and a complimentary hot breakfast. Business guests will appreciate the private boardroom and flexible meeting space that can accommodate up to 100 people, making it an ideal venue for corporate events or gatherings. The hotel’s location in the thriving South Tulsa area, near key attractions, entertainment and restaurants further enhances its appeal.
Proximity to numerous demand generators such as the SpiritBank Event Center, Tulsa International Airport, and major medical facilities like the St. Francis Heart Hospital makes this property well-positioned to capture diverse segments of room nights. Whether catering to business travelers, tourists, or event-goers, this Holiday Inn Express & Suites is primed to deliver strong, consistent performance in a growing market.
Data Room Click Here to Access
- Operating and Financials
- Title and Insurance
Property Facts
Price | $7,600,000 | Building Size | 55,394 SF |
Price Per Room | $82,609 | No. Rooms | 92 |
Sale Type | Investment | No. Stories | 4 |
Property Type | Hospitality | Year Built/Renovated | 2011/2024 |
Property Subtype | Hotel | Tenancy | Single |
Building Class | B | Parking Ratio | 1.59/1,000 SF |
Lot Size | 2.26 AC | Corridor | Interior |
Price | $7,600,000 |
Price Per Room | $82,609 |
Sale Type | Investment |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 2.26 AC |
Building Size | 55,394 SF |
No. Rooms | 92 |
No. Stories | 4 |
Year Built/Renovated | 2011/2024 |
Tenancy | Single |
Parking Ratio | 1.59/1,000 SF |
Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Suite | 22 | $135.00 | - |
Guest Room | 70 | $122.00 | - |
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PROPERTY TAXES
Parcel Number | 58287-83-25-67720 | Improvements Assessment | $260,778 |
Land Assessment | $57,569 | Total Assessment | $318,347 |
PROPERTY TAXES
Parcel Number
58287-83-25-67720
Land Assessment
$57,569
Improvements Assessment
$260,778
Total Assessment
$318,347
zoning
Zoning Code | CS (SHOPPING CENTER DISTRICT) |
CS (SHOPPING CENTER DISTRICT) |
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Holiday Inn Express | 8405 E 102nd St S
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