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912 S Highway 65 - Days Inn Lake Village, Lake Village, AR

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912 S Highway 65 - Days Inn Lake Village

Lake Village, AR 71653-7559

Property Type:Hospitality Number of Rooms:66 Status:Existing Year Built:1996
Stories:2 Building Size:20,000 SF Land Area:1.57 AC (68,389 SF)
For Sale Price:$2,980,000 Price/Room:$45,152 Cap Rate:12.91 %


Sale Notes:
New updated revenue numbers, huge NOI increases due to correction on previous accounting error. 12.9% Cap, over 35% cash on cash return. Great opportunity!

Marcus & Millichap has been chosen to exclusively market for sale the Days Inn Lake Village, a two-story limited service hotel located 2.4 miles from Lake Village Municipal Airport. This newer construction, 2-story hotel consists of 56 interior corridor rooms with frontage on U.S. Route 65.
- Surrounded by an Abundance of Recreational Activities
- 8.54 Percent Avg. Annual RevPAR Growth
- T12(May, 2017) revenue $770k

The Days Inn Lake Village is located in Lake Village, Arkansas which is the county seat of Chicot County. Lake Village is named for its location on Lake Chicot, the largest natural oxbow lake in the United States. The city sits in the southernmost section of the Delta Lowlands of Arkansas and boasts scenic vistas of the Mississippi River.
According to the United States Census Bureau, Lake Village has a total area of 2.5square miles, which is all land. Lake Chicot State Park, located in Lake Village, offers cabins, campgrounds, a marina and other recreational activities. The Park' s visitor center is full of information and exhibits on area history and natural resources. Nationally known for its ability to produce record large mouth bass, Lake Chicot also offers an abundance of Crappie, Beam and Catfish.

Marcus & Millichap
Gordon Allred
(909) 456-3420

Jake Yee
(909) 456-3400

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