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Hotel-Motel

Econo Lodge Conference Center El Dorado

1920 Junction City Rd, El Dorado, AR 71730

Listing Price: Request For Offer

Number of Rooms
125
RevPAR
$20
Year Built
1973

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 Econo Lodge Conference Center El Dorado (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel will be offered on the Ten-X Platform; for more information, contact the listing agent. The Econo Lodge Conference Center El Dorado is a two-story, 115-room Hotel stationed at 1920 Junction City Road, at the busy intersection of US Highway 167 and Highway 82. This Hotel features an on-site restaurant, indoor heated pool, 2,480 square feet of meeting and event space, vending machines, guest laundry facilities, and a business center. Spacious guest rooms offer a television, work desk, iron and ironing board, refrigerator, microwave, and safe. El Dorado, Arkansas is in the southern region of the state, about 120 miles from Little Rock, AR, and 100 miles from Shreveport, LA. The region’s prime industries include chemical research, oil and gas refining, timber production, and entertainment. El Dorado is the population, cultural and business center of south-central Arkansas. Business demand generators include Murphy Oil Corporation (2.0 miles), Deltic Timber Corporation (1.9 miles), DelekUS Oil Refinery (2.0 miles), and Southern Arkansas Community College (1.9 miles). Leisure demand can be attributed to the Murphy Arts District (1.8 miles), South Arkansas Arts Center (2.5 miles), Rialto Theater Music Hall (1.9 miles), and the El Dorado Conference Center (1.9 miles) - a $14.4 million multi-purpose facility. This well-positioned Hotel presents a new investor the chance to acquire an opportunistic asset with upside potential. The Property has historically underperformed the competitive set in RevPAR, posting a 60 percent RevPAR penetration Index average from 2018 through 2021. This offering presents an opportunity for a new investor to increase daily rates through strategic repositioning of the Property via renovations and aggressive revenue management strategies. A portion of the Hotel is positioned on a land lease; for more information, please contact the listing agent. The Hotel is unencumbered by a management contract and debt. Expenses include a 3 percent management fee reserve.

Investment Highlights

  • Two-Story, 78-Room Economy Hotel with On-Site Restaurant
  • Expected to Trade Well Below Replacement Cost
  • Highly Visible and Easily Accessible from Highway 167 and Highway 82
  • Nearby Demand Generators Include Murphy Oil Corp., Deltic Timber Corp., DelekUS Oil Refinery, So. Arkansas Community College, Murphy Arts District, South Arkansas Arts Center, Rialto Theater Music Hall, and the El Dorado Conference Center
  • Excellent Opportunity to Acquire a Well-Situated Asset and Implement Strategic Marketing and Operational Strategies to Increase Performance and Cash Flow

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Hotel-Motel

Econo Lodge Conference Center El Dorado

Listing Price: Request For Offer

Number of Rooms
125
RevPAR
$20
Year Built
1973

Investment Highlights

  • Two-Story, 78-Room Economy Hotel with On-Site Restaurant
  • Expected to Trade Well Below Replacement Cost
  • Highly Visible and Easily Accessible from Highway 167 and Highway 82
  • Nearby Demand Generators Include Murphy Oil Corp., Deltic Timber Corp., DelekUS Oil Refinery, So. Arkansas Community College, Murphy Arts District, South Arkansas Arts Center, Rialto Theater Music Hall, and the El Dorado Conference Center
  • Excellent Opportunity to Acquire a Well-Situated Asset and Implement Strategic Marketing and Operational Strategies to Increase Performance and Cash Flow

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 Econo Lodge Conference Center El Dorado (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel will be offered on the Ten-X Platform; for more information, contact the listing agent. The Econo Lodge Conference Center El Dorado is a two-story, 115-room Hotel stationed at 1920 Junction City Road, at the busy intersection of US Highway 167 and Highway 82. This Hotel features an on-site restaurant, indoor heated pool, 2,480 square feet of meeting and event space, vending machines, guest laundry facilities, and a business center. Spacious guest rooms offer a television, work desk, iron and ironing board, refrigerator, microwave, and safe. El Dorado, Arkansas is in the southern region of the state, about 120 miles from Little Rock, AR, and 100 miles from Shreveport, LA. The region’s prime industries include chemical research, oil and gas refining, timber production, and entertainment. El Dorado is the population, cultural and business center of south-central Arkansas. Business demand generators include Murphy Oil Corporation (2.0 miles), Deltic Timber Corporation (1.9 miles), DelekUS Oil Refinery (2.0 miles), and Southern Arkansas Community College (1.9 miles). Leisure demand can be attributed to the Murphy Arts District (1.8 miles), South Arkansas Arts Center (2.5 miles), Rialto Theater Music Hall (1.9 miles), and the El Dorado Conference Center (1.9 miles) - a $14.4 million multi-purpose facility. This well-positioned Hotel presents a new investor the chance to acquire an opportunistic asset with upside potential. The Property has historically underperformed the competitive set in RevPAR, posting a 60 percent RevPAR penetration Index average from 2018 through 2021. This offering presents an opportunity for a new investor to increase daily rates through strategic repositioning of the Property via renovations and aggressive revenue management strategies. A portion of the Hotel is positioned on a land lease; for more information, please contact the listing agent. The Hotel is unencumbered by a management contract and debt. Expenses include a 3 percent management fee reserve.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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