La Quinta Inn & Suites - Tulsa, OK

  • Property Name La Quinta Inn & Suites
  • Asking Price $5,300,000
  • Units 72
  • Location Tulsa, OK

About This Property

  • 72 Units
  • 3 Story, Interior Corridor Hotel
  • Original Owner Built the Hotel in 2008
  • Recent Renovations Completed with Owner Current on PIP Requirements; Hotel is in Excellent Condition
  • Profitable with Net Income of $658,581 in 2022 - A Cap Rate of 12.41%
  • Excellent Location Minutes from Tulsa International Airport
  • Room Revenue for 2023: $1,243,787
  • Diverse Mix of Demand Generators in Tulsa, which has a Population of 400,000+
  • Easy Access to Interstate 244
  • Property includes Vacant 1 Acre (+/-) to the East of the Hotel

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 recently fully renovated to complete the latest PIP requirements, and is in excellent condition. The hotel features an indoor pool, 725 (+/-) square feet of event and meeting space, and an excellent location.

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.

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.