Hotel For Sale
28,332 Sq Ft
Property: 62 Keys. 3 Stories. Elevator. Outdoor Pool. Concrete Block.
Renovations: $600,000+ Renovation in 2015 - 2016.
Performance: $1,000,000+ Room Revenue in 2017. Strong Net Operating Income $328,000+ in 2017.
Upside: New Management has significant upside Potential through Revenue Management and Expense Control. Located in growing market of North Little Rock.
Expansion: Highway 67/167 just announced its plan to convert the Hwy into Interstate 57 which would connect directly to Missouri. New CARTI Cancer Center is being built in North Little Rock.
Location: Located at Busy Exit on Hwy 67/167. City is growing and has new companies moving into the city. Local Area is Growing with More Jobs and New Development. Located next (walking distance) to Mall and Restaurants. 2 New Car Dealerships Recently added.
Great Quality of Life: Close to University (UALR), Hospital (St. Vincent, Baptist, UAMS), Camp Robinson Base, Jacksonville AirForce Base and Many Parks (Burns Park – Biggest parks in Arkansas with huge amount of Sports activities).
Offered at well below replacement cost - $3,395,000.