1043 Rieff St - Hospitality FOR SALE
Springdale, AR 72762 |
1043 Rieff St
Springdale, AR 72762
HIGHLIGHTS
- During 2018 and 2019, the Hotel achieved an average RevPAR index of 117% and an NOI margin of 26%.
- PIP-required upgrades and improved revenue management strategies will allow new owners to increase ADR and recapture lost occupancy.
- 1043 Reiff St is in a premier commercial corridor and is easily accessible to the 30,000 vehicles traveling along W Sunset Avenue each day.
- Enhanced expense efficiencies can drive additional NOI upside, as NOI margins for premium select-service assets are typically benchmarked at 35%+.
- The hotel is offered unencumbered of both debt and management to allow a new investor to effectively implement a business plan.
- A new investor will have a remarkable opportunity to acquire the Property at a significant discount to replacement cost.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Fairfield Inn & Suites Springdale
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
45216
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2004
PARKING SPACES
78
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C2
APN/PARCEL ID
815-33015-000
