- 162-Room, Four-Story, Midscale Hotel, Built in 1977
- Centrally Located with Easy Access to Highway 76 and Branson's Alternate Routes
- No Deferred Maintenance / Seller Completed a Full PIP in March 2018
- Walking Distance to Many of the Area's Top-Rated Restaurants and Attractions
- RevPAR is up 16.8% Since 2016
Marcus & Millichap's National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Best Western Center Pointe Inn. The Best Western-branded hotel is priced at $7,200,000 or $44,444 per key.
This four-story, 162-room, interior/exterior corridor hotel was built in three sections. The original buildings, the two story exterior section, was built with 86 rooms in 1977. Thirty-six interior corridor rooms were added in 1989, followed by an additional 44 interior corridor rooms in 1991. A tornado damaged the property in 2012 resulting in a complete rehab of the interior corridor structure from the shell and an exterior refresh of the rest of the buildings including a brand new roof over every building. Over four million dollars was spent restoring the property.
The hotel presents a new owner the opportunity to acquire a rare gem in the Branson hotel market. This property has excellent visibility and is centrally located along the primary corridor in Branson, Highway 76, with easy access to everything Branson has to offer. Asking price is just below three times gross room revenue over the trailing 12 months through August 2018 and an 8.62 percent cap rate based upon a Net Operating Income of $620,981. Gross Operating Profit over the period was $809,853 or 32.5 percent of Total Revenue. Net Operating Income includes a cash reserve of four percent of GRR for future capital expenditures.
The offering is presented unencumbered by management and debt. An efficient operator will readily identify opportunities to achieve higher efficiencies in operations and pass more revenue to the bottom line. RevPAR at the Property is up 16.8 percent since 2016 and up 7.6 percent for the three-month period ending August 2018.
The Best Western Center Pointe Inn Branson is a 162-room, four-story, interior/exterior corridor hotel. Well equipped with numerous common area and guest room amenities, this limited-service, midscale hotel offers flat screen televisions, microwaves, and refrigerator available in deluxe rooms, sofa beds available, and spas available in king suites. Some common area amenities the hotel has to offer consist of an indoor pool, indoor and outdoor hot tubs, laundry facility, game room, exercise facility, and a meeting facility.
Branson, Missouri is located in the south region of the state and 46.2 miles from Springfield. The Silver Dollar City is America’s top vacation destination and hosts over seven million people each year. Leisure travelers have access to over 400 restaurants, world-class theme parks, water parks, and museums. They also have easy access to three retail hubs in Taney County which include Branson Landing (5.9 miles), Tanger Outlets (1.3 miles), and The Shoppes at Branson Hill & Branson Hill Plaza (6.0 miles). The region is recognized for several distinguished awards including being named Trivago.com's number one Best Value Destinations of 2017 for the second year in a row, College of the Ozarks (6.2 miles) ranks number one in Best Value Schools and number five in Best Regional Colleges Midwest by U.S. News & World Report, and number three of Best Lake Towns by Realtor.com in 2018. Also, the Cox Medical Center (5.0 miles) is a top ten medical district in Missouri noted by U.S. News & World Reports Best Regional Hospitals and has the highest performance rating possible in three procedures or conditions. The Branson Financial Center (3.6 miles) is also in close proximity to the subject property and is a 46,462 square-foot class A multi-tenant property. Travelers have access to Branson Airport (12.9 miles) which is the first privately financed and operated commercial airport in the United States.