Skip to main content

Hotel-Motel

Wingate by Wyndham Bentonville

7400 Southwest Old Farm Boulevard, Bentonville, AR 72712

Listing Price: $5,500,000

Number of Rooms
102
RevPAR
$20
Price/Room
$53,922
Year Built
2005

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Wingate Bentonville Airport (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel is offered at $5,500,000 or $53,922 per key. The four-story, 102-room Hotel sits on 2.53 acres, with great visibility off Highway 12. This ideal location allows the Property to capitalize on the leisure and business demand in the vicinity. Less than two miles and the closest Hotel to the Northwest Arkansas Regional Airport, the Hotel’s revenues are driven by the daily aviation operations. The Hotel offers easy access to the John Q Hammons Rogers Convention Center (10.5 miles) and the Arkansas World Trade Center (10.3 miles), both centers host a variety of business and educational events. The Hotel presents a new investor the chance to acquire an opportunistic asset in a great location. Operationally, the Hotel has underperformed the STR-defined market competitive set and posted a RevPAR penetration index of 84 percent in 2020. With better marketing and revenue management strategies, the Hotel can penetrate the market and experience growth in overall value. Furthermore, the Property was recently renovated in 2018 and experienced RevPAR growth and better market penetration; indicating the ability to surpass its competitors. Current expenses include provisions for a three percent management fee. The Hotel is offered fee simple, unencumbered by a management contract or debt.

Investment Highlights

  • Four-Story, 102-Room, Midscale Hotel Built in 2005 and Recently Renovated in 2018
  • Priced Below Replacement Cost at $53,922 Per Key
  • Closest Hotel to the Northwest Arkansas Regional Airport
  • 84 Percent RevPAR Penetration Index in 2020, Offering a New Investor the Ability to Increase Overall Value
  • 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

Listing Price: $5,500,000

Number of Rooms
102
RevPAR
$20
Price/Room
$53,922
Year Built
2005

Investment Highlights

  • Four-Story, 102-Room, Midscale Hotel Built in 2005 and Recently Renovated in 2018
  • Priced Below Replacement Cost at $53,922 Per Key
  • Closest Hotel to the Northwest Arkansas Regional Airport
  • 84 Percent RevPAR Penetration Index in 2020, Offering a New Investor the Ability to Increase Overall Value
  • Offered Fee Simple, Unencumbered by a Management Contract or Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Wingate Bentonville Airport (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel is offered at $5,500,000 or $53,922 per key. The four-story, 102-room Hotel sits on 2.53 acres, with great visibility off Highway 12. This ideal location allows the Property to capitalize on the leisure and business demand in the vicinity. Less than two miles and the closest Hotel to the Northwest Arkansas Regional Airport, the Hotel’s revenues are driven by the daily aviation operations. The Hotel offers easy access to the John Q Hammons Rogers Convention Center (10.5 miles) and the Arkansas World Trade Center (10.3 miles), both centers host a variety of business and educational events. The Hotel presents a new investor the chance to acquire an opportunistic asset in a great location. Operationally, the Hotel has underperformed the STR-defined market competitive set and posted a RevPAR penetration index of 84 percent in 2020. With better marketing and revenue management strategies, the Hotel can penetrate the market and experience growth in overall value. Furthermore, the Property was recently renovated in 2018 and experienced RevPAR growth and better market penetration; indicating the ability to surpass its competitors. Current expenses include provisions for a three percent management fee. 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

MM Texture Background
MM Textured Background Lower