Hampton by Hilton Inn Tulsa-Sand Springs | 7852 W Parkway Blvd
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Hampton by Hilton Inn Tulsa-Sand Springs 7852 W Parkway Blvd
70 Room Hotel Tulsa, OK 74127 £4,889,976 (£69,857/Room) 6.74% Net Initial Yield
Investment Highlights
- CALL FOR OFFERS
- Projected Revenues of $1,600,000-$1,700,000
- Extensive $1.7 Million Renovation Completed in 2023
- Tremendous Upside Potential to New Owner
Executive Summary
Thank you for your interest in the Hampton Inn in Tulsa, Oklahoma.
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*
Highlights & Location:
*The property has undergone an extensive $1.7 million Renovation which completed a majority of the Forever Young PIP. The hotel offers the next owner an upside potential to meet market demand and compete with its CompSet performance with a Renovated property.
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*During early 2023 the Hotel suffered a Plumbing issue that affected 42 rooms being Out of Order for nearly 6 months to make the repairs from the damage.
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*With the insurance claim, the renovations are COMPLETED, and the hotel is back on track to perform to previous revenues.
*****
*With aggressive Revenue Management, the hotel should have projected revenues of $1,600,000 to $1,700,000 for 2024/2025
*
*
Oklahoma Broker of Record:
Brian Brockman
Bor@bangrealty.com
OK DRE 177814
Bang Realty-Oklahoma Inc
*
*
Highlights & Location:
*The property has undergone an extensive $1.7 million Renovation which completed a majority of the Forever Young PIP. The hotel offers the next owner an upside potential to meet market demand and compete with its CompSet performance with a Renovated property.
******
*During early 2023 the Hotel suffered a Plumbing issue that affected 42 rooms being Out of Order for nearly 6 months to make the repairs from the damage.
******
*With the insurance claim, the renovations are COMPLETED, and the hotel is back on track to perform to previous revenues.
*****
*With aggressive Revenue Management, the hotel should have projected revenues of $1,600,000 to $1,700,000 for 2024/2025
*
*
Oklahoma Broker of Record:
Brian Brockman
Bor@bangrealty.com
OK DRE 177814
Bang Realty-Oklahoma Inc
Property Facts
| Price | £4,889,976 | Building Size | 40,000 SF |
| Price Per Room | £69,857 | No. Rooms | 70 |
| Sale Type | Investment | Number of Floors | 3 |
| Net Initial Yield | 6.74% | Year Built | 2001 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 10/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.36 AC |
| Price | £4,889,976 |
| Price Per Room | £69,857 |
| Sale Type | Investment |
| Net Initial Yield | 6.74% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.36 AC |
| Building Size | 40,000 SF |
| No. Rooms | 70 |
| Number of Floors | 3 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 10/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | £102.50 | - |
| Guest Room | 68 | £68.07 | - |
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PROPERTY TAXES
| Parcel Number | 62236-92-07-29530 | Improvements Assessment | £238,085 |
| Land Assessment | £20,571 | Total Assessment | £258,656 |
PROPERTY TAXES
Parcel Number
62236-92-07-29530
Land Assessment
£20,571
Improvements Assessment
£238,085
Total Assessment
£258,656
zoning
| Zoning Code | CS |
| CS |
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Hampton by Hilton Inn Tulsa-Sand Springs | 7852 W Parkway Blvd
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