Homewood Suites Fort Smith

$10,900,000

7300 Phoenix Avenue, Fort Smith, AR 72903

Details

  • $10,900,000
  • Midscale

Homewood Suites Fort Smith is a 88-unit, interior corridor, select service upscale hotel. This four-story hotel features outdoor parking, breakfast & dining area, indoor swimming pool, fitness center, meeting room, business center, laundry facilities, on-site convenience store and wireless internet access. Each suite is fitted with air conditioning, coffee maker, full-size refrigerator, microwave, dishwasher, work desk, hair dryer, iron with ironing board, LCD TV with premium channels and wireless Internet access.

Located near the city center, the subject hotel is within walking distance of the local retail and restaurant hub and two blocks from Fort Smith Regional Airport. It’s 2.2 miles from Central Mall and within six miles from Museum of History and Fort Smith National Historic Site. Ideal for corporate travelers, this hotel is six miles southeast of the Fort Smith Convention Center and near many businesses such as Rheem Manufacturing, Mac Steel, Baldor, Trane, Gerber Products, Coca Cola Corporation, etc.

The Homewood Suites in Fort Smith will be deliverable with a Property Improvement Plan issued by Hilton. The timelines for the PIP range from 36-48 months and include items such as Case Goods, Carpet, and New Mattresses and Box Springs in the guest suites. The property runs very lean and is offered at a 14.6 percent Cap Rate & 3.5 Debt Service Coverage Ratio. Please refer to broker for PIP details.

Broker of Record:
Anne Williams
License: AR SA00066390

Agent for this listing

Steve Swenholt

Senior Associate, National Hospitality Group
Office: (512) 338-7826
Mobile: (972) 824-5483
Fax: (512) 338-7810
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Allan Miller

First Vice President Investments | Senior Director, National Hospitality Group
Office: (512) 338-7831
Mobile: (512) 203-9154
Fax: (512) 338-7810
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