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- LoopNet Team
2600 N Aspen Ave
Broken Arrow, OK 74012
Clarion Econo Lodge Broken Arrow · Hospitality Property For Sale
·
110,232 SF
INVESTMENT HIGHLIGHTS
- Four-Story, 187-Room, Dual-Branded Hotel within the Tulsa Metropolitan Statistical Area
- Highly Visible and Easily Accessible from Highway 51
- Exceptionally Maintained with Minimal to No PIP Expected at Transaction
- Priced Below Replacement Cost at $36,364 Per Key
- Situated Near Tulsa’s Most Notable Business and Leisure Demand Generators
- Room Revenue Growth of 9 Percent through the Trailing Twelve-Month Period Ending in March 2022 Compared to Year-End 2021 Room Revenues
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1985/2008 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.97 AC | Parking Ratio | 2.59/1,000 SF |
| Building Size | 110,232 SF | Corridor | Interior |
| Zoning | CH - HIGH DENSITY COMMERCIAL DISTRICT | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.97 AC |
| Building Size | 110,232 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1985/2008 |
| Tenancy | Single |
| Parking Ratio | 2.59/1,000 SF |
| Corridor | Interior |
| Zoning | CH - HIGH DENSITY COMMERCIAL DISTRICT |
AMENITIES
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 2600 N ASPEN AVE , BROKEN ARROW, OK 74012
The Clarion/Econo Lodge Broken Arrow is a 187-room, four-story Hotel stationed at 2600 North Aspen Avenue, just off Highway 51. Comprised of 84 Econo Lodge-branded rooms and 103 Clarion-branded rooms and suites, the Hotel offers instant scale within the economy and upper-midscale asset classes. The Property includes a manager’s apartment and features several amenities shared by the two buildings, such as an exercise room, outdoor pool, laundry facilities, meeting and banquet rooms, business center, and restaurant and bar space, which brings in $10,000 of monthly lease income. Rooms and suites have refrigerators, microwaves, and flat-screen televisions. Furthermore, the Property underwent a full renovation in 2018, presenting a minimum PIP at transaction for a new owner.
PROPERTY TAXES
| Parcel Number | 83610-94-33-61630 | Improvements Assessment | $624,554 |
| Land Assessment | $62,154 | Total Assessment | $686,708 |
PROPERTY TAXES
