Economy Inn & Suites - Tulsa, OK

  • Property Name Economy Inn & Suites
  • Asking Price $1,350,000
  • Units 70
  • Location Tulsa, OK

About This Property

  • Call For Offers by April 17, 2023
  • 70 Units
  • Trailing Twelve Month Revenue through November 2022: $538,000
  • Excellent Visibility from and Access to Interstate 44
  • Offered at 2.5x Revenue and $19,000 per Key
  • Perfect for Owner-Operator, with 3 Bedroom Manager's Quarters Behind the Front Desk
  • Located Minutes from Tulsa International Airport in the Most Populous City in Oklahoma
  • Highly Motivated Seller, Offers Encouraged

The Economy Inn & Suites is a 70 unit, two story exterior corridor hotel in Tulsa, Oklahoma. There is a 3-Bedroom 2-Bathroom Manager's Quarters with Kitchen that is connected to Front Desk, making this a perfect opportunity for an owner-operator.

The hotel is situated on Interstate 44, within driving distance of popular attractions that include EXPO Square, BOK Center, Mohawk Park, and Hard Rock Casino. The Tulsa International Airport is 7 minutes away. Also nearby are the Oklahoma Aquarium, Tulsa Zoo, and the renowned Blue Whale of Catoosa, which is on iconic Route 66, as well as Tulsa University.

The hotel is well positioned to capture interstate, repeat, and travel business, with ample RV and truck parking.

This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.

The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.

By checking the below box and viewing this property, you agree that:

  1. The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
  2. The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
  3. All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.

This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.