Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Hampton Inn Paragould ("Hotel" or "Property"), located in Paragould, Arkansas. The well-maintained Hilton-branded Hotel, built in 2016 is being offered on a "Call for Offers" basis. Please contact the listing agent for more information. The Hampton Inn Paragould is a four-story hotel with 88 rooms located at 3810 Linwood Drive, offering strong visibility and access from U.S. Highway 49 and U.S. Route 412, two key commercial corridors that connect the region to the rest of northeast Arkansas. Amenities at the property include an seasonal outdoor pool, fitness center, business center, coin laundry facility, complimentary breakfast area, sundry shop and one meeting room. Between 2022 and 2025, approximately $108,000 was invested in property improvements, including PTAC unit replacements, parking lot maintenance, network upgrades, and connected room enhancements. As of March, the 12-month average RevPAR in the Arkansas North Area Hotel Submarket increased by over 1.5 percent, indicating robust growth and a lower-risk environment that boosts investor confidence in both the asset and the thriving market. Complementing this positive trend, the Hotel boasts a strong RevPAR penetration index of 136 percent for year-end 2024, with a projected sustained index of 138 percent over the next five years—highlighting its competitive performance and signaling attractive long-term value for potential buyers. Paragould, the county seat of Greene County, is one of the fastest-growing cities in northeast Arkansas and serves as a regional economic hub with strong ties to manufacturing, healthcare, and logistics. The city benefits from its proximity to Jonesboro, just under 20 miles away, a larger metro area and home to Arkansas State University (15.5 miles). Additionally, Paragould is part of the Jonesboro Metropolitan Statistical Area, providing access to a broader labor force and commercial infrastructure. The city is served by a city-owned, general aviation airport with a 4,500-foot runway. The economy in Paragould is fueled by a diverse mix of major employers, industrial parks, and healthcare institutions. Key demand drivers include NEA Baptist Memorial Hospital (13.4 miles), Arkansas Methodist Medical Center (3.4 miles), and Paragould Medical Park (0.2 miles)—a nearby medical office complex that supports the local healthcare infrastructure and drives consistent traffic to the area. The city is a manufacturing hub in Arkansas . The region is also home to several established manufacturers such as Tenneco, Inc. (5.8 miles), Utility Trailer Manufacturing (6.6 miles), Greenbrier Companies (2.2 miles), and Anchor Packaging (7.1 miles). These companies contribute to a stable industrial base and employment ecosystem. This industrial base ensures a steady influx of business travelers requiring accommodations. Supporting this business environment is a strong educational network: Crowley’s Ridge College (5.6 miles) offers degrees in business and liberal arts, Arkansas State University (20 minutes south) serves as a major research and workforce hub, and Black River Technical College (7.1 miles) provides vocational and technical training. Together, these institutions create a reliable pipeline of skilled labor, enhancing the region’s appeal for employers and investors alike. Paragould, Arkansas is undergoing a phase of economic development, presenting compelling opportunities for investors. In downtown Paragould, innovation and entrepreneurship are being prioritized through the Generative Innovative Network (G.I.N.), a new hub offering a makerspace, business incubators, and workforce training. Cultural and community redevelopment is also underway with the transformation of a historic power plant into "The Station," a multi-use venue and outdoor amphitheater. These projects, along with infrastructure enhancements like the 8 Mile Creek Trail expansion and road improvements, position Paragould as a growing, investor-friendly market with strong momentum across industrial, commercial, and community sectors.