- Prime Location & Access: Strategically located in North Little Rock near I-40 and I-30, providing convenient access to downtown Little Rock, corporate hubs, government centers, and leisure attractions.
- Restaurant Included: Vacant Restaurant Included In Sale Provides Additional Upside For A New Owner
- Diverse Demand Generators: Proximity to Simmons Bank Arena, Arkansas State Capitol, Robinson Center, and Statehouse Convention Center drives steady business, group, and leisure travel demand.
- Robust Metro Economy: Part of the Little Rock–North Little Rock–Conway MSA with 764,000+ residents, anchored by healthcare, education, and corporate employers, ensuring long-term lodging stability.
- Corporate & Institutional Drivers: Nearby Arkansas Blue Cross Blue Shield, CenterPoint Energy, University of Arkansas, and major hospitals sustain year-round demand from business, academic, and medical travelers.
- Revenue Growth Potential: With a 21% RevPAR Index, the hotel offers strong upside. Strategic management could lift it to 40–45%, boosting revenue to $1.3–$1.65M and enhancing investor returns.
- Attractive On-Site Features: Four-story, concrete-built hotel with 142 rooms, two owner’s apartments with kitchens, seasonal pool, fitness center, guest laundry, and updated laundry room with new dryers.
- Growth-Oriented Market: Economic initiatives and projects like Conveyor Technology’s expansion, creating 100+ jobs, highlight continued business growth and reinforced lodging demand in the region.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Country Inn & Suites by Radisson, North Little Rock AR (“Hotel” or “Property”) located in North Little Rock, Arkansas. The Choice Hotels International-branded Hotel is offered at $3,500,000 or $24,648 per key.
The Country Inn & Suites by Radisson, North Little Rock AR is a four-story, concrete-built hotel with 142 rooms, including 8 down rooms. The property also features two owner’s apartments with kitchens, providing spacious on-site accommodations. Ideally located at 120 W Pershing Boulevard in North Little Rock, Arkansas, the Hotel offers convenient access to both Interstate 40 and Interstate 30 and features a seasonal outdoor pool, fitness center, and 100 square feet of meeting and event space. Additional amenities include onsite guest laundry services and an updated laundry room with two new dryers.
With a RevPAR Index of 21 percent, the hotel presents untapped potential. Strategic revenue management and marketing could raise the index to 40–45 percent, increasing room revenue to $1.3–$1.65 million dollars and driving stronger returns for investors.
Strategically positioned just minutes from downtown Little Rock, the Hotel places guests within a short drive of leading demand generators such as Simmons Bank Arena, the Arkansas State Capitol, the Museum of Discovery, the Statehouse Convention Center, Robinson Center, The Old Mill, the Arkansas Inland Maritime Museum, Burns Park, and Dickey-Stephens Park. This convenient location provides steady lodging demand from corporate, government, group, and leisure travelers alike.
North Little Rock, situated within the Little Rock–North Little Rock–Conway Metropolitan Statistical Area (MSA), offers a compelling backdrop for hotel investment. The MSA encompasses a diverse economic landscape, with a population exceeding 764,000 residents, supported by strong infrastructure including interstate highways, rail access, and proximity to the Port of Little Rock.
The region’s economy is anchored by a diverse mix of employers, including Arkansas Blue Cross Blue Shield, CenterPoint Energy, and the University of Arkansas at Little Rock. Economic development initiatives, such as the Jump Start program, aim to revitalize neighborhoods and attract new businesses, further enhancing the area’s long-term growth trajectory.
The area is also supported by higher education institutions such as the University of Arkansas at Little Rock and University of Arkansas – Pulaski Technical College, which contribute steady visitation from students, faculty, and families. Healthcare services add another layer of demand, with Baptist Health Medical Center and Arkansas Surgical Hospital drawing patients and medical professionals from across the region.
Economic expansion continues with projects such as the Conveyor Technology manufacturing facility expansion, which is expected to create more than 100 new jobs and generate significant annual revenue. These developments highlight the MSA’s growth momentum and reinforce demand for quality hotel accommodations.
BROKER OF RECORD
Steve Greer
Arkansas
P: (225) 376-6729
Lic #: PB00098133
