5102 N State Line Ave, Texarkana, AR 71854
Marcus & Millichap, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Baymont Inn Texarkana. The Wyndham-branded hotel has a list price of $2,600,000 or $26,253 price per key and sits on 2.59 acres Texarkana, Arkansas.
This four-story, 99-room Hotel presents a new investor the chance to acquire this opportunistic asset in a great location within the Texarkana metropolitan statistical area. The hotel is poised to capitalize on transient business due to its convenient location adjacent to Interstate 30 and US Route 70. Over the last three years, the subject property has achieved a positive Net Operating Income with the expectation that the trend will continue. An ideal investment for an Owner-operator who can implore aggressive yield management and cost control strategies, ultimately maximizing the property's overall profitability.
Texarkana, notably known as the twin-city, is a popular drive-to destination for many reasons it has many annual festivals, entertainment from performing arts, stock car races, art exhibits, shopping, great outdoors and sports, and a wide array of restaurant cuisines. Located in extreme Upper East Texas, close to Louisiana and Oklahoma, and bordering Arkansas. Notable historic attractions include the famous State Line Post Office, the 1894 Gallery, Four States Auto Museum, and the Lindsey Railroad Museum. Texarkana also boasts the Holiday Springs Water Park and the Front Street Festival Plaza. Lastly, the subject property is less than half a mile from Mitchell Lake, a 5850-acre body of water with more than 147 miles of shoreline in Chilton and Coosa counties.
The offering fee simple real estate, unencumbered by a management contract or debt. Industry standard adjustments to expenses include provisions for a four percent capital replacement reserve.
Marcus & Millichap, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Baymont Inn Texarkana. The Wyndham-branded hotel has a list price of $2,600,000 or $26,253 price per key and sits on 2.59 acres Texarkana, Arkansas.
This four-story, 99-room Hotel presents a new investor the chance to acquire this opportunistic asset in a great location within the Texarkana metropolitan statistical area. The hotel is poised to capitalize on transient business due to its convenient location adjacent to Interstate 30 and US Route 70. Over the last three years, the subject property has achieved a positive Net Operating Income with the expectation that the trend will continue. An ideal investment for an Owner-operator who can implore aggressive yield management and cost control strategies, ultimately maximizing the property's overall profitability.
Texarkana, notably known as the twin-city, is a popular drive-to destination for many reasons it has many annual festivals, entertainment from performing arts, stock car races, art exhibits, shopping, great outdoors and sports, and a wide array of restaurant cuisines. Located in extreme Upper East Texas, close to Louisiana and Oklahoma, and bordering Arkansas. Notable historic attractions include the famous State Line Post Office, the 1894 Gallery, Four States Auto Museum, and the Lindsey Railroad Museum. Texarkana also boasts the Holiday Springs Water Park and the Front Street Festival Plaza. Lastly, the subject property is less than half a mile from Mitchell Lake, a 5850-acre body of water with more than 147 miles of shoreline in Chilton and Coosa counties.
The offering fee simple real estate, unencumbered by a management contract or debt. Industry standard adjustments to expenses include provisions for a four percent capital replacement reserve.
