Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Days Inn Lake Village (‘Hotel’ or ‘Property’) located in Lake Village, Arkansas. The Wyndham Hotels and Resorts-branded Hotel is offered at $3,195,000 or $57,054 per key. The Days Inn Lake Village is a 56-room, two-story Hotel stationed at 912 S Highway 65 82 in Lake Village, Arkansas just off U.S. Highway 65. Various common area amenities at the Property include an outdoor pool, business center, meeting event space, and onsite guest laundry. Lake Village is a city in and the county seat of Chicot County, Arkansas. Lake Village is located 129 miles Southeast of Little Rock, Arkansas, and 134 miles Northwest of Jackson, Mississippi. The Hotel's proximity to some of the city’s popular demand generators allows it to take full advantage of the prominent industries within the local economy. Nature lovers can visit Lake Chicot (1.2 miles). This oxbow lake, formed by the Mississippi River, spans over 20 miles and is a popular spot for outdoor activities such as fishing, boating, and birdwatching. Lake Chicot State Park (8.7 miles) is another major attraction in Lake Village. It has a visitor center, walking trails, and facilities for camping and picnicking. History buffs can visit city landmarks like the Lakeport Plantation (11.6 miles), a well-preserved antebellum home that offers tours. Visitors can also attend events at the Guachoya Cultural Arts Center (0.5 miles). Chicot Memorial Medical Center and Lakeside School District, two of the city’s largest employers, are located 1.3 miles and 1.8 miles from the Hotel, respectively, and are prime revenue drivers for the surrounding area. Given its proximity to Lake Chicot, Lake Village is known for its fishing industry. Catfish farming is a notable component of the local economy, with several catfish farms operating in the region. These farms supply catfish to both local markets and beyond. In the trailing twelve-month period ending in August 2023, the limited-service Hotel recorded room revenues of over $947,000. As of July, the twelve-month average RevPAR in the Arkansas South Area hotel submarket was climbing at an exceptionally strong 7.7 percent annual rate. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.