Historic Boutique Hotel-Southwest
Tulsa, Oklahoma
Building
Stats
- Property Type Hospitality - Full Service
- Building size (SF) 275,000
- Price $60,000,000
Overview
The Mayo is a legacy asset that is renowned in the Tulsa Community and filled with stories of its legendary past and iconic guests. Originally built with 500 rooms in 1925, the hotel has 20 stories, a rooftop bar, penthouse ballroom, 102 curated guestrooms, and 76 luxury apartments. The buyer of this asset should recognize upside with marginal improvements by slowly moving more loft apartments back into the hotel inventory, soft branding with Marriott or Hyatt affiliation and the re-opening of the convention center.
The Mayo is the center of the Tulsa social scene and located in the heart of the community. The lobby is every bride’s dream with its grand staircase, historic setting penthouse, and ballroom; all come alive for events with a rooftop bar, creating an experience that cannot be replicated. The hotel is filled with memorabilia throughout the property creating a museum quality experience captivating guests with images of celebrities and music legends from Elvis to Bono along with business leaders, oil tycoons and every past President back to the 1920s.