Baymont Inn & Suites Texarkana

$2,750,000

5102 North State Line Avenue Texarkana, AR 71854

Details

  • $2,750,000
  • Midscale

Investment Overview:

Marcus & Millichap’s National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Baymont Inn & Suites in Texarkana, Arkansas. The Baymont Inn & Suites Texarkana is offered for sale at $2.75 million, at a price per key of $27,778, which is significantly below replacement cost.

The Baymont Inn & Suites just completed extensive renovations involving nearly half a million dollars worth of capital expenditures. Giving the new investor the opportunity to take over a turnkey asset, the property is conservatively projected to perform one million dollars year one in room revenue. This property is ideal for an owner-operator with a manager’s suite on-site. An aggressive owner-operator should be able to minimize expenses and increase profits, yielding a potential five-year Levered IRR of 53.93 percent.

Detailed historic operating documentation and third-party reports can be requested from the agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers; however, all property tours must be arranged with the Marcus & Millichap listing agents. Please do not contact the tenants, or on-site management or staff without prior approval.

Property Overview:

The Baymont Inn & Suites in Texarkana, Arkansas is a 99-room, limited-service hotel conveniently located off Interstate Highway 30. The four-story hotel has an interior corridor and was built in 1986. The hotel offers complimentary hot breakfast, free wireless high-speed Internet access, and ample car parking space for it guests. The hotel is located close to many local attractions and points of interests. Texas A&M University – Texarkana, the Perot Theatre, and Wright Patman Lake are all close to the Baymont Inn & Suites. The Texarkana Regional Airport is also located just six miles from the hotel.

Location Overview:

The city of Texarkana, Arkansas, is located in Miller County. It is approximately 180 miles northeast of Dallas, Texas, and 70 miles north of Shreveport, Louisiana. It effectively functions as one-half of a city which crosses a state line, and the other half – the city of Texarkana, Texas, lies on the other side of State Line Avenue. The city, along with its Texas counterpart, forms the core of the Texarkana, Texas-Texarkana, Arkansas Metropolitan Statistical Area, encompassing all of Bowie County, Texas, and Miller County, Arkansas.

Anne Williams
Broker of Records
License: AR SA00066390

Agent for this listing

Joseph Jaques

Associate, National Hospitality Group
Office: (972) 755-5171
Mobile: (979) 229-7673
Fax: (972) 755-5210
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Chris Gomes

Senior Managing Director Investments, National Hospitality Group
Office: (972) 755-5302
Mobile: (972) 786-2719
Fax: (972) 755-5210
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