Marcus & Millichap is pleased to present the Residence Inn by Marriott Texarkana, located at 3900 Saint Michael Drive, Texarkana, Texas 75503. This upscale, extended-stay hotel comprises 121 well-appointed guestrooms and is strategically positioned to capitalize on regional economic growth, exceptional highway connectivity, and diverse lodging demand. Ideally situated at the intersection of Interstate 30 (I-30) and U.S. Highway 59 (future I-69) in the high-growth Texarkana market, the hotel benefits from outstanding visibility and accessibility. I-30, which bisects the city, carries more than 55,000 vehicles per day—the highest traffic volume in TxDOT’s Atlanta District. U.S. 59 further enhances connectivity to Houston and other key markets. The Residence Inn offers a comprehensive amenity package, including an indoor pool, business center, fitness center, fully equipped kitchens, guest laundry, 24-hour market, and 485 square feet of flexible meeting space.
Built in 2014 and renovated in 2023, the hotel achieved over $106.73 RevPAR in 2024 generating a total revenue of over $5M. Offered at an attractive 10.0% capitalization rate, the asset presents investors with an opportunity to acquire a premium extended-stay hotel in a dynamic regional market with strong fundamentals and long-term upside potential.
Strategic Location and Exceptional Regional Access: Texarkana occupies a uniquely strategic position at the intersection of major transportation corridors, enabling seamless access to key population and economic centers across the southern U.S. Located along Interstate 30 and U.S. Highway 59, the hotel is embedded within a regional distribution network that supports both tourism and commercial activity. The city’s central location places it within convenient reach of multiple major metropolitan areas:
• Dallas-Fort Worth, Texas – ~175 miles west (2.5-hour drive)
• Little Rock, Arkansas – ~140 miles northeast (2-hour drive)
• Shreveport, Louisiana – ~70 miles south (1-hour drive)
• Houston, Texas – ~290 miles south (4.5-hour drive)
• Austin, Texas – ~380 miles southwest (5.5-hour drive)
This accessibility, combined with proximity to four state borders—Texas, Arkansas, Louisiana, and Oklahoma, elevates Texarkana’s role as a regional center for travel, commerce, and logistics.
Transportation, Logistics, and Infrastructure Hub: Texarkana serves as a significant freight and transportation hub, with infrastructure that supports high volume trucking, rail, and distribution activity. The city is serviced by two Class I railroads—Union Pacific and Kansas City Southern— with intermodal facilities and switching yards supporting efficient freight movement across the central and southern U.S. In addition, the convergence of multiple U.S. highways (59, 67, 82) and Interstate 30 positions Texarkana as a vital corridor for overland freight, warehousing, and logistics services. The area’s accessibility and infrastructure continue to attract regional manufacturers, federal contractors, and distribution operators, generating steady demand for corporate and extended-stay accommodations. Texarkana Regional Airport (TXK) offers direct flights to Dallas/Fort Worth International Airport (DFW), further enhancing connectivity for business travelers and facilitating convenient access to national markets.
Diverse Economic Base and Corporate Presence: Texarkana’s economy is anchored by a diversified mix of industrial, defense, government, manufacturing, and healthcare employers, which collectively support recurring business travel and weekday lodging demand.
Major economic drivers include:
• Red River Army Depot
• Cooper Tire & Rubber Company
• Defense Logistics Agency Distribution Red River
• Graphic Packaging International
• Smith-Blair Inc.
• Sterno Products
The Red River Army Depot, a mission-critical military installation, has evolved into a leading center for logistics, supply chain, and tactical vehicle maintenance—backed by ongoing federal investment and contractor activity. Manufacturing leaders like Sterno Products and Cooper Tire generate sustained demand from industrial travelers, engineers, and support staff throughout the year.
Healthcare and Higher Education Strengthen Demand: Texarkana’s robust healthcare ecosystem generates consistent extended-stay and transient lodging demand.
The area is home to:
• CHRISTUS St. Michael Health System – a regional medical leader in
cardiology, oncology, and emergency care
• Wadley Regional Medical Center – known for advanced stroke, trauma,
and surgical programs
These facilities attract visiting physicians, medical professionals, and patient families, supporting extended lodging needs across all seasons. Texarkana is also home to Texas A&M University–Texarkana and Texarkana College, which contribute to stable academic-year demand from faculty, students, visiting professionals, and family members. These institutions play a pivotal role in workforce development and regional growth.
Retail, Culture, and Leisure Generate Year-Round Activity: Texarkana’s retail corridors and cultural attractions further bolster hotel demand across multiple visitor segments. The Richmond Ranch Shopping Center, Central Mall, and nearby commercial developments create a vibrant retail destination, while cultural and recreational assets enhance the area’s leisure appeal.
Key drivers include:
• Perot Theatre – A historic performing arts venue undergoing revitalization
• Big Dam Water Park – Seasonal family attraction
• Four States Fair & Rodeo – Major annual regional event
• Spring Lake Park – Trails, fishing, and community gatherings
• Oaklawn Shopping Center – Additional retail traffic and footfall
The Residence Inn by Marriott Texarkana, situated within the Richmond Ranch Master Plan, offers immediate access to these demand generators, creating synergy between retail, hospitality, and institutional visitation.
Event Infrastructure and Emerging Innovation Assets: Located just 1.3 miles from the hotel, the Texarkana Convention Center features more than 25,000 square feet of flexible event space and consistently attracts conferences, corporate functions, and social events. Additional group demand is supported by George Dobson Field (home to the Texarkana Rhinos), which regularly hosts regional tournaments and youth sporting events. Texarkana’s innovation ecosystem is anchored by The Assembly Line, a modern co-working and entrepreneurial space focused on business development and remote work. This venue fosters weekday lodging demand from business travelers, consultants, and tech professionals, reflecting the city’s evolution into a more diversified professional services environment.
