Extended Stay America - Tulsa - Midtown — Sale in Tulsa, OK
- Price: Contact for price
- Listing type: For sale
- Asset type: Hospitality Business
- Location: Tulsa, OK 74145
- Year built: 1997
Photos
Investment Figures
- Cap rate
- 11.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present the exclusive offering of Extended Stay America Tulsa Midtown, a 73-key extended-stay hotel located in Tulsa, Oklahoma. The Property offers investors the opportunity to acquire a stabilized hospitality asset with strong in-place cash flow, durable extended-stay demand drivers, and additional upside potential through continued revenue optimization. The Property achieved 84% occupancy in Year End 2025 while generating approximately $1.43 million in revenue and approximately $655,000 in NOI. The revenues and NOI are consistent through May 2026, providing a Buyer over $265K of after debt cash flow immediately when stepping into the property. Strong operating performance is supported by the hotel’s strategic Tulsa location, efficient operating model, and diversified long-term guest demand base. Extended Stay America Tulsa Midtown benefits from consistent demand generated by healthcare, construction, relocation, infrastructure, and corporate travelers seeking longer-term accommodations. Offered at $6 million ($82,192/key), the Property provides an attractive below-replacement-cost basis with compelling day-one yield potential for private investors and 1031 exchange buyers. Investment Highlights: • 2026 Renovation Underway – scheduled for completion in September/October 2026 • Extended-Stay Model – All rooms feature kitchenettes, supporting longer stays and lower operating expenses • Minimal Remaining PIP – Approximately $54,000 remaining PIP items with ESA's affordable renovation cycle • 40%+ In-Place NOI Margin – Strong operating efficiency driving attractive day-one cash flow • Consistent Occupancy Outperformance – Occupancy has exceeded the competitive set over the past three years, averaging ~80%. May 2026 Occupancy was at 96% • 20%+ Cash-on-Cash Returns – Strong in-place leveraged returns for day-one investors • Diverse Demand Drivers – Supported by 10+ healthcare facilities, 15+ colleges and universities, and immediate acces
Market Context
This hospitality in Tulsa, OK is listed for sale. It is offered at an approximate 11.0% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1997. Compare it against other hospitality listings for sale in Tulsa, OK — view the full market.
Contact
- Michael Knall · (602) 687-6707 · michael.knall@marcusmillichap.com
- Michael Taddeo · (602) 687-6828 · michael.taddeo@marcusmillichap.com
- Tim Speck · (918) 294-6300
- Tyler Waller · (602) 687-6695 · tyler.waller@marcusmillichap.com
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