Hotel-Motel
Clarion Inn & Suites Russellville I-40
2407 N Arkansas Ave, Russellville, AR 72802
Listing Price: $4,250,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Clarion Inn & Suites Russellville, a Choice Hotels gold award winner in Russellville, Arkansas.
The property is located ideally off of I-40 which is the west transcontinental Interstate Highway in the southeastern and southwestern portions of the United States. Rated the #11 out of 104 Clarions in the United States, Clarion Inn & Suites consists 70 total rooms, 7 being suites. There is also an additional 70 rooms currently offline that can be put back into operation. The property completed a PIP in 2017 to update rooms, bathrooms, and common areas. Hotel amenities include an on-site laundry services, fitness & business centers, complimentary breakfast, along with a restaurant/bar; one of two properties in a dry county to have a license.
The Clarion Inn & Suites Russellville presents a prime opportunity to acquire a sub 3X GRM in a historically stable & growing market.
Clarion Inn & Suites Russellville I-40
Investment Highlights
- Winner of Gold Award by Choice 2023, Ranked #11 out of 104 Clarions in the USA
- Ranked #11 out of 104 Clarions in the USA
- Property has an additional 70 offline keys (140 total keys on parcel) that can be renovated, converted, with potential to parcel off in future creating substantial revenue
- Located in Opportunity Zone providing substantial tax incentives
- 1 of 2 hotels in market to have a liquor license in a dry county – Major Plus
- Prime location on the busiest exit I-40 & Hwy 7 which leads to Arkansas Hot Springs and Ozark Mountains.
- Russellville awarded Arkansas's final casino license - $300M Legends Casino being developed 1 mile away, having a $5B impact on economy creating thousands of permanent jobs
Exclusively Listed By
Financing By
Listing Price: $4,250,000
Investment Highlights
- Winner of Gold Award by Choice 2023, Ranked #11 out of 104 Clarions in the USA
- Ranked #11 out of 104 Clarions in the USA
- Property has an additional 70 offline keys (140 total keys on parcel) that can be renovated, converted, with potential to parcel off in future creating substantial revenue
- Located in Opportunity Zone providing substantial tax incentives
- 1 of 2 hotels in market to have a liquor license in a dry county – Major Plus
- Prime location on the busiest exit I-40 & Hwy 7 which leads to Arkansas Hot Springs and Ozark Mountains.
- Russellville awarded Arkansas's final casino license - $300M Legends Casino being developed 1 mile away, having a $5B impact on economy creating thousands of permanent jobs
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Clarion Inn & Suites Russellville, a Choice Hotels gold award winner in Russellville, Arkansas. The property is located ideally off of I-40 which is the west transcontinental Interstate Highway in the southeastern and southwestern portions of the United States. Rated the #11 out of 104 Clarions in the United States, Clarion Inn & Suites consists 70 total rooms, 7 being suites. There is also an additional 70 rooms currently offline that can be put back into operation. The property completed a PIP in 2017 to update rooms, bathrooms, and common areas. Hotel amenities include an on-site laundry services, fitness & business centers, complimentary breakfast, along with a restaurant/bar; one of two properties in a dry county to have a license. The Clarion Inn & Suites Russellville presents a prime opportunity to acquire a sub 3X GRM in a historically stable & growing market.
Exclusively Listed By
Financing By
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