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Hotel-Motel

Baymont by Wyndham Caddo Valley/Arkadelphia

100 Crystal Palace Dr, Caddo Valley, AR 71923

Listing Price: $2,800,000

Cap Rate
9.33%
Number of Rooms
53
RevPAR
$45
Price/Room
$52,830
RRM
3.24
Year Built
2000

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Baymont Caddo Valley/Arkadelphia (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered at $2,800,000 or $52,830 per key. The Baymont Caddo Valley/Arkadelphia is a 53-room, interior-corridor, midscale Hotel established at 100 Crystal Palace Drive, just off Interstate 30. In 2020 and 2021, the Hotel was awarded the Traveler’s Choice Award from Trip Advisor and has an overall rating of 4.3 out of 5 on all online travel agencies. The Property is approximately 27,350 square feet across two floors and maintains amenities including an outdoor pool, guest laundry facilities, business center, fitness center, and a 945 square foot meeting room. Caddo Valley, Arkansas is a city located in Clark County in the southwest region of the state, 60 miles south of Little Rock and 80 miles northeast of Texarkana, AR. The Baymont Caddo Valley/Arkadelphia is ideally positioned off Interstate 30, providing high visibility to north/south transient and business travelers. With the region’s employers and popular revenue generators near the Property, this sought-after Hotel benefits from many key industries of the city which include education and manufacturing. Georgia Pacific and Siplast Inc., two of the city’s largest employers located approximately five miles from the Hotel, are prime revenue drivers for the surrounding area. Nearby Arkadelphia is home to two universities, Ouachita Baptist University and Henderson State University, which enroll a combined 5,250 undergrad students. Other revenue generators in the area, like DeGray Lake (4.4 miles), Arkadelphia Aquatic Park (4.8 miles), and DeSoto Bluff (2.9 miles) help bring additional revenue to the Hotel through an increase in transient business. The Hotel further benefits from long-term contracts with local construction and sports groups. Operationally, the limited-service Hotel recorded a RevPAR of $44.66 in 2021, a 50 percent premium to the STR-defined competitive set. Ideal in-place operations led to a net operating income flow-through of 30 percent of gross revenues, after a four percent capital replacement reserve. After adjustments to interest, taxes, depreciation, and amortization, net operating income equates to more than $261 thousand. An opportunity exists for use of one room, adjoined to storage, to be used as management living space: making this offering exemplary for an experienced owner-operator.

Investment Highlights

  • Two-Story, 53-Room, Midscale Hotel with Potential Management Living Quarters
  • Priced Below Replacement Cost at $52,830 Per Key
  • Awarded Traveler's Choice Award by Trip Advisor in 2020 and 2021 with Overall 4.3 out of 5 Rating on All Online Travel Agencies
  • Strategic Interstate-Highway Location Providing Excellent Visibility
  • Ideal In-Place Operations with Room Revenues over $864 Thousand and Net Operating Income of Over $261 Thousand or 30 Percent of Gross Revenues

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Hotel-Motel

Baymont by Wyndham Caddo Valley/Arkadelphia

Listing Price: $2,800,000

Cap Rate
9.33%
Number of Rooms
53
RevPAR
$45
Price/Room
$52,830
RRM
3.24
Year Built
2000

Investment Highlights

  • Two-Story, 53-Room, Midscale Hotel with Potential Management Living Quarters
  • Priced Below Replacement Cost at $52,830 Per Key
  • Awarded Traveler's Choice Award by Trip Advisor in 2020 and 2021 with Overall 4.3 out of 5 Rating on All Online Travel Agencies
  • Strategic Interstate-Highway Location Providing Excellent Visibility
  • Ideal In-Place Operations with Room Revenues over $864 Thousand and Net Operating Income of Over $261 Thousand or 30 Percent of Gross Revenues

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Baymont Caddo Valley/Arkadelphia (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered at $2,800,000 or $52,830 per key. The Baymont Caddo Valley/Arkadelphia is a 53-room, interior-corridor, midscale Hotel established at 100 Crystal Palace Drive, just off Interstate 30. In 2020 and 2021, the Hotel was awarded the Traveler’s Choice Award from Trip Advisor and has an overall rating of 4.3 out of 5 on all online travel agencies. The Property is approximately 27,350 square feet across two floors and maintains amenities including an outdoor pool, guest laundry facilities, business center, fitness center, and a 945 square foot meeting room. Caddo Valley, Arkansas is a city located in Clark County in the southwest region of the state, 60 miles south of Little Rock and 80 miles northeast of Texarkana, AR. The Baymont Caddo Valley/Arkadelphia is ideally positioned off Interstate 30, providing high visibility to north/south transient and business travelers. With the region’s employers and popular revenue generators near the Property, this sought-after Hotel benefits from many key industries of the city which include education and manufacturing. Georgia Pacific and Siplast Inc., two of the city’s largest employers located approximately five miles from the Hotel, are prime revenue drivers for the surrounding area. Nearby Arkadelphia is home to two universities, Ouachita Baptist University and Henderson State University, which enroll a combined 5,250 undergrad students. Other revenue generators in the area, like DeGray Lake (4.4 miles), Arkadelphia Aquatic Park (4.8 miles), and DeSoto Bluff (2.9 miles) help bring additional revenue to the Hotel through an increase in transient business. The Hotel further benefits from long-term contracts with local construction and sports groups. Operationally, the limited-service Hotel recorded a RevPAR of $44.66 in 2021, a 50 percent premium to the STR-defined competitive set. Ideal in-place operations led to a net operating income flow-through of 30 percent of gross revenues, after a four percent capital replacement reserve. After adjustments to interest, taxes, depreciation, and amortization, net operating income equates to more than $261 thousand. An opportunity exists for use of one room, adjoined to storage, to be used as management living space: making this offering exemplary for an experienced owner-operator.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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