HOTELBROKERONE COMPLETES $3.6 MILLION HOTEL SALE

by admin

TULSA, OKLA. — Oklahoma City-based HotelBrokerOne has completed the sale of the GuestHouse Inn & Suites located at 8181 East 41st St. in Tulsa for $3.6 million, or $38,000 per room. The 95-unit property was first constructed as a Residence Inn in 1982, but has undergone major renovations in the past 2 years. Mike Craddock and Bruce Holmes of HotelBrokerOne, along with Kamlesh Aggarwal of Sooner Properties, completed the transaction between the buyer, locally based SAMAATH LLC, and the seller, Nu-Gen Hotels. Acquisition financing was provided by First National Bank of Owasso through the SBA 504 program.

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