Investment Overview

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Best Western Plus JFK Inn & Suites (“Hotel” or “Property”), an upper midscale hospitality property located at 2500 Main Street in North Little Rock, Arkansas. The Hotel is positioned along Interstate 40, an important east-west transportation corridor, and is well-suited for investors seeking stable cash flow from an established lodging operation in Arkansas’ cultural and economic center. The Hotel is offered at $4,800,000 or $73,846 per key. The four-story Property is comprised of 65 rooms and is positioned on a 0.97-acre parcel. Originally constructed in 2009, the Hotel was subsequently renovated in 2023 and features amenities designed to appeal to business and group travelers, including a business center, indoor pool, and fitness center. Strategically positioned in North Little Rock, the Property benefits from its proximity to numerous major demand generators and strong regional access supported by nearby Interstate 40, Interstate 30, and U.S. Highway 70. Close by to the state capital of Arkansas, the Hotel is less than five miles from major government buildings including the Arkansas State Capitol, the Pulaski County Government building, and the North Little Rock Justice Center. Likewise, the 32,000-acre Camp Robinson military base, a key driver of lodging demand for military personnel and civilian staff, is just 4.3 miles from the Property. The local economy is anchored further by the education and healthcare sectors, two reliable drivers of lodging demand due to campus visits and hospital stays. The University of Alabama at Little Rock, positioned less than 10 miles from the Property, boasts a 250-acre campus and is home to over 8,000 students. Arkansas Children's Hospital, a leading regional healthcare institution and one of the largest pediatric trauma centers in the country, serves approximately 195,000 patients and their families each year. Multiple entertainment and sports venues likewise drive consistent year-round lodging demand and are positioned near the Property, including Simmons Bank Arena (1.9 mi), the Robinson Center (2.4 mi), and the River Market District (2.3 mi). Additional leisure demand is driven by the William J. Clinton Presidential Library (3.1 mi), the Arkansas Inland Maritime Museum (2.4), and the Historic Arkansas River Trail (2.5 mi). Little Rock, situated in central Arkansas, is the state’s government, cultural, and economic center. The city has a population of over 200,000 residents and is known as a hub for public sector employment. In addition to supporting over 70,000 government jobs, the city also is home to a sizable medical services sector. Poised for long-term economic growth, major developments underway in Little Rock include the $150 million expansion of the Port of Little Rock, extensive renovations to the city’s downtown and riverwalk districts, and a new $100 million expansion to the Dassault Falcon Jet aerospace manufacturing facility. Cultural amenities in the region include the Arkansas Symphony Orchestra, Arkansas Museum of Fine Arts, and the Arkansas Repertory Theatre.