- Two-Story, 130-Room, Exterior-Corridor Hotel Built in 1982
- Highly Visible and Easily Accessible from the Interstate 30-Stateline Avenue Intersection
- Property Located Under 10 Minutes from Texarkana Regional Airport
- Nearby Demand Generators Include Texas A&M – Texarkana, Arkansas Convention Center Texarkana, Texarkana Convention Center, and Perot Theatre
- TTM July 2022 Reached $736 Thousand in Room Revenues and $200 Thousand in Net Operating Income
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Magnuson Hotel Texarkana (‘Hotel’ or ‘Property’). The Magnuson-branded Hotel is offered at $2,300,000 or $17,692 per key.
The Magnuson Hotel Texarkana is located at 5201 N Stateline Avenue in Texarkana, Texas, at the intersection of Interstate 30 and Stateline Avenue. The 130-room, exterior-corridor, two-story building was constructed in 1982 and spans three acres. The Property maintains a variety of common area amenities including an outdoor pool, breakfast area, and parking to accommodate larger trucks.
Located at the border of Texas and Arkansas, Texarkana shares the region with its twin city, Texarkana, Arkansas. The two cities form the Texarkana Metropolitan Statistical Area and encompass all of Bowie County, Texas and Miller County, Arkansas, reporting a combined population of over 65 thousand and a metropolitan area population of over 149 thousand. Thriving from retail trade and health care, Texarkana lists Christus St. Michael Health Care and Walmart as two of the top 5 largest employers in the city. The largest employer in the city, Red River Army Depot employs more than 2,400 of the city’s population, or just over 4 percent of total MSA employment. Other notable industries include construction, manufacturing, and education. Within these industries, top employers like Cooper Tire & Rubber, Texarkana Texas ISD, Graphic Packaging International Incorporated, and Georgia Pacific are the largest in the region and comprise just under 8 percent of total MSA employment. Several attractions are in the region including Perot Theatre, Wright Patman Lake, Spring Lake Park, Four States Auto Museum, and Holiday Springs Water Park during open season. Also, the Arkansas Convention Center Texarkana and Texarkana Convention Center are nearby and host several private and corporate events throughout the year. Additionally, Texas A&M University – Texarkana and Texarkana Regional Airport are nearby and provide many transient travelers to the area, presenting local businesses with the opportunity to capitalize on the high traffic through the city.
In the trailing twelve-month period ending in July 2022, room revenues exceeded $736 thousand while maintaining a net operating income of just under $200 thousand, or 27 percent of gross revenues, after a 4 percent capital replacement reserve. The limited-service Hotel is an ideal investment for an owner-operator who can continue maximizing returns through healthy cash flows and continual RevPAR growth. The Hotel is offered fee simple, unencumbered by a management contract and debt.
