Fairfield Inn Tulsa South
9150 S 102nd St Tulsa, OK 74133
9150 S 102nd St, Tulsa, OK, 74133
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For Sale
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99-key hotel in Tulsa's medical district for sale.
Property Size54,824 SF
Price / SF$100.32
Days on Market69
Property Features for 9150 S 102nd St
General Information
- Standard status
- Active
- Size
- 54,824 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 2009
Listing Agency
T S Hotel Advisors, Inc.
Listed by
Shivam Patel · License #02254614
Source
Crexi
Added: May 13 Checked: Jul 19 at 9:51 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of T S Hotel Advisors, Inc.
Investment Insights
Based on property information with market context.
A 99-key interior corridor hotel, Fairfield Inn & Suites Tulsa South Medical District, is available for acquisition within one of Tulsa's active submarkets. Located in the Tulsa South/Broken Arrow corridor, the property benefits from a diverse demand base driven by healthcare, corporate, retail, and logistics activity. The franchise is set to expire within the next two years, offering an opportunity for independent operation. The property was previously bank-owned and operated under receivership, during which time operations maintained continuity rather than optimizing profitability. Historical performance and financials may not reflect the asset's true operating potential under engaged ownership and disciplined management. The property's current performance includes January 2026 trailing 12-month metrics of approximately 39.3% occupancy, $78.66 ADR, and $30.91 RevPAR, compared to submarket averages exceeding 53.7% occupancy and ~$48.66 RevPAR. Financials from the receivership period reflect inefficiencies, including inflated payroll, redundant staffing structures, and overlapping administrative and marketing expenses. The property size is 54824 square feet.
Key Highlights
- Located in Tulsa's high‑demand South Medical District.
- Franchise agreement expiring soon, offering independent operation.
- Significant upside potential due to historical underperformance.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $690.8k | $12.60 |
| − Vacancy | −$152.0k | −$2.77 |
| EGI | $538.8k | $9.83 |
| − OpEx | −$282.9k | −$5.16 |
| NOI | $255.9k | $4.67 |
54,824 SF · lease $12.60/SF/yr · vacancy 22.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$3.66M
$3.20M – $4.27M
NOI $255,935 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.55M
$12.73M – $16.97M
NOI $1,018,411 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Hotel - 99-key hotel in Tulsa's medical district for sale.
Where is this hotel located?
The property is located at 9150 S 102nd St Tulsa, OK.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Located in Tulsa's high‑demand South Medical District.; Franchise agreement expiring soon, offering independent operation.; Significant upside potential due to historical underperformance.
