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18705 E Admiral Pl
Catoosa, OK 74015
GLo Best Western Tulsa East Route 66 · Hospitality Property For Sale
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70 Rooms
INVESTMENT HIGHLIGHTS
- Asking price $5,500,000 ($78,500 Per Key) 35% Below Construction Cost
- High Demand Generator Hard Rock Casino Prime Location
- $1.5M-$1.6M Potential Rev
- Like New 2000 Built Very Modern Latest Design
- Mismanaged & Underperforming Comp Set with Tremendous Revenue & Profit Upside
- Motivated (Big Company) Seller
EXECUTIVE SUMMARY
HIGHLIGHTS AND LOCATION
The stunning 2020-built GLo by Best Western Catoosa, Tulsa, OK, is a 70-room Upper-Midscale hotel featuring modern designs. Strategically located off I-44 and Route 66, it’s across from the Hard Rock Casino and minutes from Tulsa International Airport, ideal for business and leisure travelers.
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Property Overview:
Prime Location: Just 14 miles from Tulsa, near the Hard Rock Hotel and Tulsa Port of Catoosa, a hub employing over 4,000 people.
Revenue Upside: Opportunity to increase revenue by $600,000 with better management, achieving $1.5M–$1.6M in potential revenue.
Seller Motivation: The seller is divesting to focus on core assets, offering a prime opportunity for a hands-on operator.
Minimal PIP: Best Western supports converting to a Best Western Plus with a $150,000 PIP, as the property is in excellent condition.
Flexible Financing: Seller financing (2–3 years) or SBA 7A financing with 20%–35% down is available, enabling a fast close.
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Oklahoma Broker of Record:
Brian Brockman, CCIM
Bor@bangrealty.com
OK DRE 177814
Bang Realty-Oklahoma Inc
Bang Realty
The stunning 2020-built GLo by Best Western Catoosa, Tulsa, OK, is a 70-room Upper-Midscale hotel featuring modern designs. Strategically located off I-44 and Route 66, it’s across from the Hard Rock Casino and minutes from Tulsa International Airport, ideal for business and leisure travelers.
*
*
*
Property Overview:
Prime Location: Just 14 miles from Tulsa, near the Hard Rock Hotel and Tulsa Port of Catoosa, a hub employing over 4,000 people.
Revenue Upside: Opportunity to increase revenue by $600,000 with better management, achieving $1.5M–$1.6M in potential revenue.
Seller Motivation: The seller is divesting to focus on core assets, offering a prime opportunity for a hands-on operator.
Minimal PIP: Best Western supports converting to a Best Western Plus with a $150,000 PIP, as the property is in excellent condition.
Flexible Financing: Seller financing (2–3 years) or SBA 7A financing with 20%–35% down is available, enabling a fast close.
*
*
*
Oklahoma Broker of Record:
Brian Brockman, CCIM
Bor@bangrealty.com
OK DRE 177814
Bang Realty-Oklahoma Inc
Bang Realty
PROPERTY FACTS
| Price Per Room | $108,217 CAD | Building Size | 34,440 SF |
| Sale Type | Investment | No. Rooms | 70 |
| Cap Rate | 4.90% | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2020 |
| Property Subtype | Hotel | Parking Ratio | 1.95/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.77 AC | Opportunity Zone |
Yes
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| Zoning | IL - LIGHT INDUSTRIAL DISTRICT | ||
| Price Per Room | $108,217 CAD |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.77 AC |
| Building Size | 34,440 SF |
| No. Rooms | 70 |
| No. Stories | 4 |
| Year Built | 2020 |
| Parking Ratio | 1.95/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | IL - LIGHT INDUSTRIAL DISTRICT |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 70 | $136.35 CAD | - |
PROPERTY TAXES
| Parcel Number | 15597-94-01-07690 | Improvements Assessment | $353,280 CAD |
| Land Assessment | $7,377 CAD | Total Assessment | $360,657 CAD |
PROPERTY TAXES
Parcel Number
15597-94-01-07690
Land Assessment
$7,377 CAD
Improvements Assessment
$353,280 CAD
Total Assessment
$360,657 CAD
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