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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.

Data Room Click Here to Access

Property Facts

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 -

PROPERTY TAXES

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)
  • Listing ID: 33651881

  • Date on Market: 10/26/2024

  • Last Updated:

  • Address: 8405 E 102nd St S, Tulsa, OK 74133

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