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Fairfield Inn & Suites Tulsa South Medical District – Image Credit CBRE
CBRE Hotels is soliciting offers for the acquisition of the Fairfield Inn & Suites in south Tulsa, Oklahoma. This asset, located in a thriving submarket of Tulsa, has significant potential for value enhancement.
Property Overview
The Fairfield Inn & Suites is situated 2 miles south of the Woodland Hills Mall and the “71st Restaurant Row”, which boasts over 70 restaurants within a 3-mile radius. The property’s location offers a unique opportunity to acquire a premium limited-service asset with substantial potential for value enhancement.
Investment Highlights
Lenders have approved the sale of the hotel, and the property is available with third-party management. This offers significant potential for operational efficiency improvements. New owners may be able to optimize housekeeping labor utilization and reduce corporate allocated expenses.
The hotel’s location near major medical care providers, corporates, colleges, and shopping malls positions it to capture business from a diverse set of clientele. The property is located near Hillcrest Hospital South, St. Francis Hospital South, Veterans Affair Hospital, Gastroenterology Specialists, Holly Frontier, Tulsa Community College, Rhema Bible College, Woodland Hills Mall, and Tulsa Premium Outlet Mall.
Economic Growth in Tulsa
Tulsa is witnessing significant economic growth, securing its status as a key player in the central U.S. economy. In 2024, the city saw new capital investments exceeding $2 billion. The city’s focus on economic development initiatives, like Vision Tulsa projects, drives substantial investments in infrastructure and community enhancements, indicating Tulsa’s potential for continued growth and prosperity.
Inquire at CBRE.
