Comfort Suites Central I-44 8039 E 33rd St

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Comfort Suites Central/I-44 Tulsa (‘Hotel’ or ‘Property’) located in Tulsa, Oklahoma. The Choice Hotels-branded Hotel is offered at $4,100,000 or $65,079 per key.
The Comfort Suites Central/I-44 Tulsa is a 63-room, three-story Hotel stationed at 8039 E 33rd St S in Tulsa, Oklahoma, just off U.S. Highway 64 and Interstate 44. Various common area amenities at the Property include an indoor heated pool with whirlpool hot tub, breakfast area, fitness center, meeting space, laundry facility, gift shop and convenience store, and business center. Tulsa, Oklahoma is located on the Arkansas River in northeast Oklahoma, about 100 miles east of Oklahoma City, Oklahoma and 180 miles from Wichita, Kansas and Springfield, Missouri.
The Hotels proximity to some of the city’s popular demand generators allows it to take full advantage of the prominent industries within the local economy. The region is known for its energy, entertainment, and manufacturing industries and attracts over nine million visitors annually. Tulsa is home to two Fortune 500 companies, Oneok (8.8 miles) and Williams Companies (8.0 miles). Entertainment demand drivers for the city include one of the top 50 fine arts museums in the U.S. Philbrook Museum of Art (5.5 miles miles). Additional room demand generators that provide entertainment for local tourists include the Woody Guthrie Center (8.3 miles), Tulsa Air and Space Museum & Planetarium (7.9 miles), and the Oklahoma Aquarium (11.9 miles).
The Saint Francis Health System and QuikTrip, two of the city’s largest employers, are located 3.7 miles and 5 miles from the Hotel, respectively and are prime revenue drivers for the surrounding area. Another major employer that is responsible for a significant portion of the workforce is American Airlines maintenance base. Located at the Tulsa International Airport (5.2 miles) the world’s largest commercial aircraft maintenance base, employing nearly 5,000 team members, including more than 3,200 licensed aviation maintenance technicians and overhaul support mechanics. The University of Tulsa, located near the property (6.0 miles), boasts a diverse student body with approximately 4,500 students and is renowned for its strong programs in engineering, business, law, and the arts.
As of May, the 12-month average RevPAR in the Tulsa South/Broken Arrow hotel submarket was 2.2%, indicating steady growth over the last year. Potential buyers could foresee various benefits in acquiring a hotel in this submarket, including heightened room revenues, excess capital for renovations, and operational benefits such as improved cash flow and economies of scale.
BROKER OF RECORD
Steve Greer
Oklahoma
Lic #: 206118
P: (225) 376-6800