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Hotel-Motel

Motel 6 Fayetteville

2980 N College Ave, Fayetteville, AR 72703

Listing Price: $4,750,000

Cap Rate
10.16%
Number of Rooms
94
RevPAR
$39
Price/Room
$50,532
RRM
3.53
Year Built
1972

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 Motel 6 Fayetteville (‘Hotel’ or ‘Property’). The G6 Hospitality-branded Hotel is offered at $4,750,000 or $50,532 per key. The Motel 6 Fayetteville is located at 2980 North College Avenue in Fayetteville, Arkansas, just off Highway 71. The 94-room, three-building property has approximately 35,800 square feet of space between two stories. Built in 1972, the exterior-corridor Property sits on a 2.9-acre plot and maintains amenities such as bus and truck parking, laundry facilities, an outdoor pool, and vending machines. Fayetteville, the county seat of Washington County, is the largest city in northwest Arkansas and is situated less than 10 miles away from Fayetteville Drake Field Airport and Springdale Municipal Airport. Home to the University of Arkansas, Fayetteville’s economy primarily relies on business brought in from the education sector. Aside from education, one of the city’s major industries include health care, with businesses such as Washington Regional Medical Center and Veterans Admin Medical listed as top employers in the region. Retail trade and manufacturing are also major economic contributors in Fayetteville, with companies like Walmart, APAC Central Incorporated, Pinnacle Foods, and Tyson Foods existing as top employers for the area. While tourism makes up a smaller contribution to the city’s economy, demand generators such as the Arkansas Air and Military Museum and Lokomotion Family Fun Park provide family-friendly entertainment for folks visiting from out of town. The area also offers plenty of outdoor attractions including the Mt. Sequoyah Cross, Lake Fayetteville Park, and Botanical Garden of the Ozarks. In 2021, the Hotel recorded room revenues of over $1.34 million, coupled with an ideal net operating income flow-through of 35.9 percent of total revenue, which equates to over $482.4 thousand. Furthermore, once the change-of-ownership PIP is completed, a new owner can expect to increase daily rates, leading to increased RevPAR and NOI flow-through.

Investment Highlights

  • Two-Story, 94-Room, Exterior-Corridor, G6 Hospitality-Branded Hotel
  • Priced Below Replacement Costs at $50,532 Per Key
  • Highly Visible and Easily Accessible from North College Avenue (Highway 71) – One of the Most Trafficked Streets in Fayetteville
  • Surrounded by Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • Recently Renovated with Minimal PIP Expected at Transfer

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Hotel-Motel

Motel 6 Fayetteville

Listing Price: $4,750,000

Cap Rate
10.16%
Number of Rooms
94
RevPAR
$39
Price/Room
$50,532
RRM
3.53
Year Built
1972

Investment Highlights

  • Two-Story, 94-Room, Exterior-Corridor, G6 Hospitality-Branded Hotel
  • Priced Below Replacement Costs at $50,532 Per Key
  • Highly Visible and Easily Accessible from North College Avenue (Highway 71) – One of the Most Trafficked Streets in Fayetteville
  • Surrounded by Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • Recently Renovated with Minimal PIP Expected at Transfer

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 Motel 6 Fayetteville (‘Hotel’ or ‘Property’). The G6 Hospitality-branded Hotel is offered at $4,750,000 or $50,532 per key. The Motel 6 Fayetteville is located at 2980 North College Avenue in Fayetteville, Arkansas, just off Highway 71. The 94-room, three-building property has approximately 35,800 square feet of space between two stories. Built in 1972, the exterior-corridor Property sits on a 2.9-acre plot and maintains amenities such as bus and truck parking, laundry facilities, an outdoor pool, and vending machines. Fayetteville, the county seat of Washington County, is the largest city in northwest Arkansas and is situated less than 10 miles away from Fayetteville Drake Field Airport and Springdale Municipal Airport. Home to the University of Arkansas, Fayetteville’s economy primarily relies on business brought in from the education sector. Aside from education, one of the city’s major industries include health care, with businesses such as Washington Regional Medical Center and Veterans Admin Medical listed as top employers in the region. Retail trade and manufacturing are also major economic contributors in Fayetteville, with companies like Walmart, APAC Central Incorporated, Pinnacle Foods, and Tyson Foods existing as top employers for the area. While tourism makes up a smaller contribution to the city’s economy, demand generators such as the Arkansas Air and Military Museum and Lokomotion Family Fun Park provide family-friendly entertainment for folks visiting from out of town. The area also offers plenty of outdoor attractions including the Mt. Sequoyah Cross, Lake Fayetteville Park, and Botanical Garden of the Ozarks. In 2021, the Hotel recorded room revenues of over $1.34 million, coupled with an ideal net operating income flow-through of 35.9 percent of total revenue, which equates to over $482.4 thousand. Furthermore, once the change-of-ownership PIP is completed, a new owner can expect to increase daily rates, leading to increased RevPAR and NOI flow-through.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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