Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Best Western Shackleford (‘Hotel’ or ‘Property’) located in Little Rock, Arkansas. The Best Western Hotels & Resorts-affiliated Hotel is offered at $4,800,000 or $80,000 per key. The Best Western Shackleford is a three-story hotel with 60 rooms, located at 8 Shackleford Dr, Little Rock, AR 72211. The Hotel is easily accessible from US-430, which sees an annual average daily traffic of approximately 27,000 vehicles. Various common area amenities at the Property include EV charging stations, heated indoor pool, sundry shop, 625 square feet of meeting space, fitness center, guest laundry, and business center. The hotel is located within the Little Rock-North Little Rock-Conway Metropolitan Statistical Area (MSA), Arkansas’s largest metro region with a population of over 740,000. This MSA is an economic center for Arkansas, with significant activity in government, healthcare, finance, and education. The hotel benefits from easy access to key highways, including Interstates 30 and 40, which connect the area to major cities such as Memphis, TN (137 miles), and Dallas, TX (320 miles). Interstate 530 and U.S. Route 67 further enhance connectivity, supporting a steady flow of travelers. The Little Rock area is home to numerous large employers that include the University of Arkansas for Medical Sciences (10,000 employees), and the Arkansas Children’s Hospital (4,500 employees). Other major employers, such as Dillard’s Inc. (1,800 employees) and Entergy Arkansas (2,700 employees), contribute to a stable economy and drive business travel in the area. Little Rock is known for its robust healthcare network. UAMS Medical Center (5.4 miles), with 514 beds, specializes in advanced fields such as oncology, orthopedics, and neurology, drawing patients from across the region. Arkansas Children’s Hospital (6.5 miles), with 336 beds, offers specialized pediatric care and is one of the largest children’s hospitals in the U.S. Little Rock hosts several reputable higher education institutions like The University of Arkansas at Little Rock (4.3 miles), enrolling over 9,000 students, is a notable research university known for its business, engineering, and law programs. Pulaski Technical College (12.1 miles), with approximately 6,000 students, supports workforce development in key sectors. These institutions attract students, faculty, and visitors throughout the year. The Little Rock area offers a variety of attractions and events that draw visitors year-round. These include the William J. Clinton Presidential Library (9 miles), which attracts over 300,000 visitors annually, and the River Market District (8.6 miles), known for dining, shopping, and entertainment options. Outdoor activities at Pinnacle Mountain State Park (11.7 miles) and the Little Rock Zoo (4.4 miles) with over 500,000 annual visitors. Additionally, the Simmons Bank Arena (9.1 miles) hosts concerts, sports events, and conventions. These attractions, combined with local festivals and events, contribute to steady hotel occupancy. In 2023, the hotel underwent a full renovation and rebranded from a Ramada to a Best Western. This strategic shift offers a potential investor an enhanced brand image and the opportunity to command higher room rates, driving increased gross revenue, profitability, and overall property valuation.