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Hotel-Motel

Comfort Suites Conway

705 Museum Rd, Conway, AR 72032

Listing Price: $6,000,000

Cap Rate
10.07%
Number of Rooms
70
RevPAR
$52
Price/Room
$85,714
RRM
4.56
Year Built
2006

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Comfort Suites (‘Hotel’ or ‘Property’) located in Conway, Arkansas. The Choice Hotels International- branded Hotel is offered at $6,000,000 or $85,714 per key.

The Comfort Suites is a 70-room, three-story, interior corridor Hotel located at 705 Museum Road, Conway, Arkansas. The Property is highly visible and easily accessible off Interstate 40. Various common area amenities at the Hotel include an Electric Vehicle (EV) charging station, indoor swimming pool, business & event space (1000 sq. ft.), fitness center, vending machines, and bus/truck parking. The property is fully renovated as of 2024. No PIP is expected for the new owner upon sale.

Conway, Arkansas, dubbed the "City of Colleges," is a vibrant hub blending educational excellence with cultural richness, situated centrally in the state. Despite lacking its own airport, it's conveniently close to Little Rock, just 30 miles away, served by Bill and Hillary Clinton National Airport (LIT). Hosting three higher education institutions—Hendrix College, the University of Central Arkansas, and Central Baptist College—Conway thrives with academic vigor and youthful energy, shaping its dynamic atmosphere. The downtown buzzes with commerce and entertainment, featuring diverse shops, eateries, and cafes catering to students and locals alike, while hosting annual events like the beloved Toad Suck Daze festival. Outdoor enthusiasts revel in nearby lakes and parks, offering a myriad of recreational activities. Conway's dedication to the arts shines through its vibrant cultural scene, supported by local venues and community theaters. The city's economy, anchored by its educational institutions, sees growth in tech and healthcare sectors, with major employers like Acxiom Corporation and Conway Regional Health System. With its collegiate charm, cultural vibrancy, and natural allure, Conway beckons residents and visitors seeking a lively and accessible community-centric destination.

Situated amidst a vibrant array of attractions, the hotel enjoys a prime locale surrounded by numerous demand generators. Notably the hotel's prime location near colleges and universities like Hendrix College (1.9 miles), The University of Central Arkansas (2.8 miles), and Central Baptist College (2.7 miles) offers guests convenience for campus visits, conferences, and events. In close proximity lies Conway Downtown Partnership (1.2 miles), offering an eclectic mix of dining, shopping, and entertainment options. History buffs can explore the Faulkner County Museum (1.7 miles), while nature enthusiasts can take in the serene ambiance of Hendrix Creek Preserve (2.3 miles) or immerse themselves in artistic marvels at Baum Gallery (3.3 miles). Cultural aficionados can savor performances at the Reynolds Performance Hall (3.4 miles), hosted by the University of Central Arkansas. Outdoor enthusiasts can relish leisurely strolls around Beaverfork Park Lake or refine their golf skills at the Arkansas Golf Center (8.2 miles). For a glimpse into the region's rich history, Cadron Settlement Park (8.8 miles) offers a captivating experience. With such a diverse array of nearby attractions, the hotel provides an ideal haven for guests with varied interests and pursuits.

Investment Highlights

  • Three-Story, 70-Room, Choice Hotels International-Branded Hotel
  • Highly Visible and Easily Accessible off Interstate 40
  • Property Is Fully Renovated as of 2024 – No PIP is Expected for the Buyer
  • Situated in the "City of Colleges" – Hedrix College, University of Central Arkansas and Central Baptist University Within Three Mile Radius of Property
  • Notable Demand Generators include Conway Downtown Partnership, Faulkner County Museum, Hendrix Creek Preserve, Baum Gallery, Reynolds Performance Hall, Beaverfork Park Lake, Arkansas Golf Center, Cadron Settlement Park
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Hotel-Motel

Comfort Suites Conway

Listing Price: $6,000,000

Cap Rate
10.07%
Number of Rooms
70
RevPAR
$52
Price/Room
$85,714
RRM
4.56
Year Built
2006

Investment Highlights

  • Three-Story, 70-Room, Choice Hotels International-Branded Hotel
  • Highly Visible and Easily Accessible off Interstate 40
  • Property Is Fully Renovated as of 2024 – No PIP is Expected for the Buyer
  • Situated in the "City of Colleges" – Hedrix College, University of Central Arkansas and Central Baptist University Within Three Mile Radius of Property
  • Notable Demand Generators include Conway Downtown Partnership, Faulkner County Museum, Hendrix Creek Preserve, Baum Gallery, Reynolds Performance Hall, Beaverfork Park Lake, Arkansas Golf Center, Cadron Settlement Park
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Comfort Suites (‘Hotel’ or ‘Property’) located in Conway, Arkansas. The Choice Hotels International- branded Hotel is offered at $6,000,000 or $85,714 per key. The Comfort Suites is a 70-room, three-story, interior corridor Hotel located at 705 Museum Road, Conway, Arkansas. The Property is highly visible and easily accessible off Interstate 40. Various common area amenities at the Hotel include an Electric Vehicle (EV) charging station, indoor swimming pool, business & event space (1000 sq. ft.), fitness center, vending machines, and bus/truck parking. The property is fully renovated as of 2024. No PIP is expected for the new owner upon sale. Conway, Arkansas, dubbed the "City of Colleges," is a vibrant hub blending educational excellence with cultural richness, situated centrally in the state. Despite lacking its own airport, it's conveniently close to Little Rock, just 30 miles away, served by Bill and Hillary Clinton National Airport (LIT). Hosting three higher education institutions—Hendrix College, the University of Central Arkansas, and Central Baptist College—Conway thrives with academic vigor and youthful energy, shaping its dynamic atmosphere. The downtown buzzes with commerce and entertainment, featuring diverse shops, eateries, and cafes catering to students and locals alike, while hosting annual events like the beloved Toad Suck Daze festival. Outdoor enthusiasts revel in nearby lakes and parks, offering a myriad of recreational activities. Conway's dedication to the arts shines through its vibrant cultural scene, supported by local venues and community theaters. The city's economy, anchored by its educational institutions, sees growth in tech and healthcare sectors, with major employers like Acxiom Corporation and Conway Regional Health System. With its collegiate charm, cultural vibrancy, and natural allure, Conway beckons residents and visitors seeking a lively and accessible community-centric destination. Situated amidst a vibrant array of attractions, the hotel enjoys a prime locale surrounded by numerous demand generators. Notably the hotel's prime location near colleges and universities like Hendrix College (1.9 miles), The University of Central Arkansas (2.8 miles), and Central Baptist College (2.7 miles) offers guests convenience for campus visits, conferences, and events. In close proximity lies Conway Downtown Partnership (1.2 miles), offering an eclectic mix of dining, shopping, and entertainment options. History buffs can explore the Faulkner County Museum (1.7 miles), while nature enthusiasts can take in the serene ambiance of Hendrix Creek Preserve (2.3 miles) or immerse themselves in artistic marvels at Baum Gallery (3.3 miles). Cultural aficionados can savor performances at the Reynolds Performance Hall (3.4 miles), hosted by the University of Central Arkansas. Outdoor enthusiasts can relish leisurely strolls around Beaverfork Park Lake or refine their golf skills at the Arkansas Golf Center (8.2 miles). For a glimpse into the region's rich history, Cadron Settlement Park (8.8 miles) offers a captivating experience. With such a diverse array of nearby attractions, the hotel provides an ideal haven for guests with varied interests and pursuits.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

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