Hotel-Motel

Studio Inn Tex

1924 St Michael Dr, Texarkana, TX 75503

Listing Price: Request For Offer

Number of Rooms
76
RevPAR
$4
Gross SF
26,208
Year Built
1974

Investment Overview

Marcus & Millichap's National Hospitality Group, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Studio Inn Extended Stay - Texarkana. The independent hotel is offered on a Request for Offers basis and sits on 1.86 acres within the Texarkana TX-AR MSA.

Located five miles from Texarkana Regional Airport, the hotel is properly positioned to take advantage of business and leisure travel in the market. With a substantial amount of travel and daily commutes along I-30 and St Michael Dr interchange, the hotel is poised to capitalize on daily traffic counts exceeding 41,000.

This two-story, 76-room hotel was originally built as a corporate-owned Motel 6. The current owner converted the asset to an independent hotel in 2018. Forty-six of the 76 rooms have been converted to extended-stay units. All 46 units contain kitchenettes. Current ownership is absentee. New ownership can benefit from hands-on management.

Popularly known as a major distribution hub, and home to Texas A&M University - Texarkana, Texarkana houses an abundance of economic drivers that boost the hospitality market. Some notable major employers near the hotel include Red River Army Depot, The Museum of General History, and Texarkana College. Furthermore, Webb Field services the four-state region and provides commercial jet service to DFW. The Dallas/Fort Worth MSA is approximately 2.5 hours away; Shreveport, Louisiana is 1.25 miles from the hotel.

Current expenses include provisions for a four percent capital replacement reserve. The hotel is offered fee simple, unencumbered by a management contract or debt.

Investment Highlights

  • 76-Room, Exterior Corridor, Independent, Extended Stay Hotel
  • Significant Upside to Increase Room Revenue to be Competitive with the Market
  • Ability for Hands-On-Owner-Operator to Decrease Expenses & Increase NOI
  • Five Miles from Texarkana Regional Airport, Services the Four-State Region
  • Less Than Two Miles From CHRISTUS St. Michael Health System
  • Value-Add Opportunity

Exclusively Listed By

Listing Price: Request For Offer

Number of Rooms
76
RevPAR
$4
Gross SF
26,208
Year Built
1974

Investment Highlights

  • 76-Room, Exterior Corridor, Independent, Extended Stay Hotel
  • Significant Upside to Increase Room Revenue to be Competitive with the Market
  • Ability for Hands-On-Owner-Operator to Decrease Expenses & Increase NOI
  • Five Miles from Texarkana Regional Airport, Services the Four-State Region
  • Less Than Two Miles From CHRISTUS St. Michael Health System
  • Value-Add Opportunity

Investment Overview

Marcus & Millichap's National Hospitality Group, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Studio Inn Extended Stay - Texarkana. The independent hotel is offered on a Request for Offers basis and sits on 1.86 acres within the Texarkana TX-AR MSA.

Located five miles from Texarkana Regional Airport, the hotel is properly positioned to take advantage of business and leisure travel in the market. With a substantial amount of travel and daily commutes along I-30 and St Michael Dr interchange, the hotel is poised to capitalize on daily traffic counts exceeding 41,000.

This two-story, 76-room hotel was originally built as a corporate-owned Motel 6. The current owner converted the asset to an independent hotel in 2018. Forty-six of the 76 rooms have been converted to extended-stay units. All 46 units contain kitchenettes. Current ownership is absentee. New ownership can benefit from hands-on management.

Popularly known as a major distribution hub, and home to Texas A&M University - Texarkana, Texarkana houses an abundance of economic drivers that boost the hospitality market. Some notable major employers near the hotel include Red River Army Depot, The Museum of General History, and Texarkana College. Furthermore, Webb Field services the four-state region and provides commercial jet service to DFW. The Dallas/Fort Worth MSA is approximately 2.5 hours away; Shreveport, Louisiana is 1.25 miles from the hotel.

Current expenses include provisions for a four percent capital replacement reserve. The hotel is offered fee simple, unencumbered by a management contract or debt.

Exclusively Listed By

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