Search Results for 

2204 Central Avenue - America's Best Value Inn, Hot Springs, AR

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
2204 Central Avenue - America's Best Value Inn

Hot Springs, AR 71901

Property Type:Hospitality Number of Rooms:80 Status:Existing Year Built:1950
Stories:10 Building Size:101,550 SF Land Area:2.27 AC (98,881 SF)
For Sale Price:$4,995,000 Price/Room:$62,438 Cap Rate:10.79 %


Sale Notes:
Please see the attached Executive Summary for detailed information. Cap rate shown is for the Days Inn portion of the property only based on a $2,500,000 purchase price.

The Days Inn; 2008 Central Avenue: Sitting on 1.74 acres, this 80 room, 29,220sq.ft. (per the public record), two-story hotel/motel has undergone recent and extensive renovations. After closing its doors back in 2014, the property reopened in April of 2015 with a fresh new look. As a result of the updated, nicely appointed rooms and its central location, occupancy has been steady since reopening.

The Proposed Ramada Plaza Hotel; 2004 Central Avenue: Sitting on 2.29 acres, this is an 86-room, 66,879 sq.ft. (per the public record), 10-story mid-rise hotel building consisting of a large lobby, conference rooms, a banquet room, restaurant area, pool and spa. Located on the western edge of the property is an approximate 4,000 sq.ft. structure which is used as storage /maintenance for the hotels. Per the owner, $2,500,000.00 has spent on the restoration of this building in recent years, but the restoration project needs to be completed.

Berkshire Hathaway HomesServices California
John Duguid
(626) 440-5100

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">2204 Central Avenue - America's Best Value Inn, Hot Springs, AR - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2016 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234