{"id":1004080558,"date":"2013-07-20T14:04:47","date_gmt":"2013-07-20T22:04:47","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=149696"},"modified":"2022-12-08T18:01:15","modified_gmt":"2022-12-09T02:01:15","slug":"promise-hotels-acquires-hyatt-place-tulsa-southern-hills","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/promise-hotels-acquires-hyatt-place-tulsa-southern-hills\/","title":{"rendered":"Promise Hotels Acquires Hyatt Place Tulsa Southern Hills"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor <\/em><\/p>\n

Promise Hotels has acquired the Hyatt Place Tulsa Southern Hills, a 126-key property located at 7037 South Zurich Ave. in the South Tulsa Medical District.<\/p>\n

\"\"<\/a>County records report the hotel\u2019s sale price as $8.4 million, according to the Tulsa World<\/em>.<\/p>\n

\u201cThe Hyatt Place, which has been renamed to the Tulsa South\/Medical District . . . fits nicely into our growth strategy, in terms of geography, brand, and quality,\u201d Promise Hotels president & CEO Paresh Patel explained in a statement. \u201cWith our hotel management track record of success, we are confident this hotel will have a solid performance and positive return on investment for owners and first-class hospitality experience for guests.\u201d<\/p>\n

Situated near St. Francis Hospital and the intersection of 71st St. and Yale Ave., the six-story, 75,792-square-foot property is located in the heart of Tulsa\u2019s business and shopping district. The Hyatt Place offers high-definition TVs, complimentary Wi-Fi access throughout the property and 1,100 square feet of meeting space able to accommodate 75 guests.<\/p>\n

In multi-family transaction news, a Tulsa asset is one of three sold by Continental Properties Company, Inc., the company announced on July 9. Springs at East Fifty-First, a 168-unit complex, is located north of Broken Arrow Expressway. It opened in November 2011. According to the Tulsa World, the property commanded $17 million from a buyer with a Los Angeles address identified in public records as East Fifty First Property Owners L.L.C.<\/p>\n

Menomonee Falls, Wis.-based Continental also sold Springs at Chatham Parkway, comprising 352 units in Savannah, Ga., and Springs at Heritage Lakes, a 184-unit property in Lincoln, Neb.<\/p>\n

Photo Courtesy of: www.tulsa.place.hyatt.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Locally-owned Promise Hotels recently announced the acquisition of the Hyatt Place Tulsa Southern Hills for an undisclosed purchase price. Built in 1996, the 126-room hotel is located at 7037 South Zurich Avenue in the South Tulsa Medical District.<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004080558","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nPromise Hotels Acquires Hyatt Place Tulsa Southern Hills - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/promise-hotels-acquires-hyatt-place-tulsa-southern-hills\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Promise Hotels Acquires Hyatt Place Tulsa Southern Hills\" \/>\n<meta property=\"og:description\" content=\"Locally-owned Promise Hotels recently announced the acquisition of the Hyatt Place Tulsa Southern Hills for an undisclosed purchase price. 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