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Available For Sale - Hospitality

114,944 SF

AVAILABILITY DETAILS

Size
114,944 SF
Price/SF
N/A - Contact for Info
Listing ID
SA430005
Notes
Two fully operating hotels in one strategic location! This 4.9+/- acre property is located at the high traffic/high visibility intersection of State Line Avenue and Interstate 30 in Texarkana, AR. The property has been split into two hotels with the east wing now operating as a Travelodge Inn & Suites (2-story building) while the west part recently reopened as a Ramada Inn & Suites(4-story building.) The Ramada is a 152 room, full service interior corridor hotel with $2 million in renovations. The hotel features a 24,000 sqft atrium with recreation, lobby, restaurant/lounge,offices, three conference rooms and a service area that connects to the adjacent Travelodge hotel. This investment provides and owner/operator the opportunity to purchase the hotel below replacement cost and increase NOI.

The Ramada Inn is a full-service hotel featuring 159 guest rooms, an indoor pool, gym, on-site restaurant, wi-fi, and more. Cost of this Hotel is $3,800,000.

Travelodge is on the same property and features 49 guest rooms. Cost of this hotel is $1,100,000.
Uses
Hospitality

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Johnny Mitchum MBA MiCP CPA(inactive), Johnny Mitchum - Mitchum Auctions and Realty - KW
BRE# EB00043654