Investment Overview

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Holiday Inn Express & Suites Forrest City (“Hotel” or “Property”) located at 220 Eldridge Road in Forrest City, Arkansas. The upper-midscale, IHG Hotels & Resorts-branded Hotel is offered at $10,500,000 with a 3.75 X Room Revenue Multiplier. Situated on approximately 2.26 acres, the Property features 82 guest rooms across four stories and was originally constructed in 2012 with ‘Formula Blue’ renovations completed in 2025. The Hotel offers a comprehensive amenity package designed to accommodate both business and leisure travelers, including a business center, outdoor pool, fitness center, breakfast area, 90 parking spaces, and approximately 1,100 square feet of meeting and event space. The subject asset has consistently produced between $2.8M and $3.2M in revenue during the trailing three years, at RevPAR between $93 and $105. The Property is strategically positioned near several of Forrest City’s primary economic and leisure demand generators, including East Arkansas Community College and Forrest City Medical Center. The Hotel also benefits from proximity to Downtown Forrest City, the St. Francis County Museum, and nearby outdoor recreation destinations including Village Creek State Park, The Ridges at Village Creek Golf Course, and Parkin Archeological State Park. Corporate and distribution demand stems from employers such as Core-Mark Distribution Center and other logistics operations. Furthermore, the Property captures traveler demand from Interstate 40 and benefits from its location approximately 48 miles west of Memphis, providing convenient access to one of the Mid-South’s largest employment and transportation hubs. Additionally, the Property is positioned along one of the nation’s primary east-west transportation corridors connecting Little Rock and Memphis, benefiting from substantial commercial, logistics, and transient traveler demand. Eastern Arkansas carries some of the highest truck concentrations on I-40, with large trucks accounting for over 60% of vehicles on certain segments. Forrest City is the county seat of St. Francis County and serves as a key commercial and economic center in eastern Arkansas. Home to approximately 12,708 residents, the city benefits from a strategic location along Interstate 40, one of the nation’s primary east-west transportation corridors, positioned roughly midway between Memphis, Tennessee and Little Rock, Arkansas. This location provides excellent regional accessibility and supports a diverse economy anchored by healthcare, education, manufacturing, agriculture, logistics, and retail industries. The city also benefits from proximity to several recreational and cultural attractions, including Village Creek State Park, Crowley’s Ridge, the St. Francis National Forest, and multiple golf and outdoor recreation destinations that contribute to tourism activity throughout the year. The local economy is supported by a stable base of major employers spanning government, manufacturing, distribution, and healthcare sectors. The Federal Correctional Complex Forrest City serves as the area’s largest employer, while additional major employers include Boar’s Head, CoreMark, Mestek, and Belleville Boot Company. Forrest City also benefits from its proximity to the Memphis metropolitan area, allowing the market to capture overflow corporate, industrial, and leisure travel demand while maintaining a low-cost operating environment. Supported by strong transportation infrastructure, diversified employment drivers, and year-round lodging demand, Forrest City remains an attractive market for commercial and hospitality investment.