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Hotel-Motel

Motel 6/Studio 6 Little Rock West

10524 West Markham Street, Little Rock, AR 72205

Listing Price: $5,800,000

Cap Rate
13.20%
Number of Rooms
138
Price/Room
$42,029
Year Built
1984

Investment Overview

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 Motel 6 / Studio 6 Little Rock West. The G6 Hospitality-branded hotel is offered at $5,800,000 or $42,029 per key and sits on 1.81 acres within the largest MSA in Arkansas, the Little Rock-North Little Rock-Conway MSA. Located within seven miles from downtown Little Rock, 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 at the intersection of Interstate 430 and W Markham St, the hotel is poised to capitalize on daily traffic counts exceeding 84,000 on Interstate 430 and 30,000 on W Markham Street. This three-story, 138-room hotel presents a new investor the chance to acquire this opportunistic asset within Arkansas’ State Capitol: Little Rock. Unphased by the downturn of the market in 2020, this hotel has increased room revenues year-over-year. The 2021 Room Revenue is on pace to surpass the $2 million mark, adding to its resilient and strong history of increasing revenues, even throughout the COVID-19 pandemic. The property is currently running at a lean NOI approximately 842,000, or 44 percent of Gross Revenues. The hotel is offered fee simple, unencumbered by a management contract or debt.

Investment Highlights

  • Priced Below Replacement Cost at $42,029 Per Key
  • 138-Room, Exterior Corridor, Economy Hotel
  • Located within Arkansas' Largest MSA
  • Minimal PIP expected for a new owner
  • Onsite Managers Apartment/Living Quarters
  • Dual-Branded Asset | 103 designated as Motel 6 & 35 designated as Studio 6
  • Unencumbered by a Management Contract or Debt
  • Strong Historical Net Operating Income | 2019 - $463,303 or 34.2% of Gross Revenues | 2020 - $643,304 or 39.7% of Gross Revenues | TTM April 2021 - $842,009 or 44.1% of Gross Revenues

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s) AR: PB00066390

    Arkansas

Hotel-Motel

Motel 6/Studio 6 Little Rock West

Listing Price: $5,800,000

Cap Rate
13.20%
Number of Rooms
138
Price/Room
$42,029
Year Built
1984

Investment Highlights

  • Priced Below Replacement Cost at $42,029 Per Key
  • 138-Room, Exterior Corridor, Economy Hotel
  • Located within Arkansas' Largest MSA
  • Minimal PIP expected for a new owner
  • Onsite Managers Apartment/Living Quarters
  • Dual-Branded Asset | 103 designated as Motel 6 & 35 designated as Studio 6
  • Unencumbered by a Management Contract or Debt
  • Strong Historical Net Operating Income | 2019 - $463,303 or 34.2% of Gross Revenues | 2020 - $643,304 or 39.7% of Gross Revenues | TTM April 2021 - $842,009 or 44.1% of Gross Revenues

Investment Overview

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 Motel 6 / Studio 6 Little Rock West. The G6 Hospitality-branded hotel is offered at $5,800,000 or $42,029 per key and sits on 1.81 acres within the largest MSA in Arkansas, the Little Rock-North Little Rock-Conway MSA. Located within seven miles from downtown Little Rock, 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 at the intersection of Interstate 430 and W Markham St, the hotel is poised to capitalize on daily traffic counts exceeding 84,000 on Interstate 430 and 30,000 on W Markham Street. This three-story, 138-room hotel presents a new investor the chance to acquire this opportunistic asset within Arkansas’ State Capitol: Little Rock. Unphased by the downturn of the market in 2020, this hotel has increased room revenues year-over-year. The 2021 Room Revenue is on pace to surpass the $2 million mark, adding to its resilient and strong history of increasing revenues, even throughout the COVID-19 pandemic. The property is currently running at a lean NOI approximately 842,000, or 44 percent of Gross Revenues. The hotel is offered fee simple, unencumbered by a management contract or debt.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s): AR: PB00066390

    Arkansas

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