Investment Highlights: Econo Lodge Forrest City I-40, Forrest City, AR
Offered at $1,900,000
Property Overview
This modern 42-room limited-service Econo Lodge, built in 2016, features a 2-story exterior-corridor building with excellent visibility and easy access from Interstate 40 at Exit 241B—the primary east-west corridor between Memphis, TN (~47 miles west) and Little Rock, AR (~94 miles west).
A dedicated on-site manager’s residence—fully separate from the 42 revenue rooms—includes master and guest bedrooms, full and half baths, living/dining areas, full kitchen with pantry, and small office. Dual access (private exterior and internal lobby connection) supports hands-on oversight, enhances security/service continuity, strengthens staff recruitment/retention, and lowers potential costs while preserving full guestroom inventory.
At a value entry point of approximately $45,238 per room, a new owner can focus on actionable improvements—expanding crew accounts, optimizing online presence/reviews, and dynamic pricing for peak periods—without major repositioning capital.
Location & Demand Drivers
Positioned at 310 Barrow Hill Rd in Forrest City’s lodging cluster just off I-40 (Exit 241, ~0.4 miles from ramp), the property offers simple ingress/egress for transient guests. Interstate frontage drives consistent pass-through demand, walk-ins, and bookings, with nearby fuel, quick-service dining, and peer hotels aiding drive-up conversions.
Commercial/Institutional Anchors (Short Drive):
Forrest City Federal Correctional Complex (~4 miles): Contractors, training, visitation.
East Arkansas Community College (~1.6 miles): Courses, events, faculty.
Boar’s Head Provisions (W. Broadway): Food processing.
Core-Mark (3400 Commerce Rd.): Distribution.
These generate steady weekday nights and repeat accounts from drivers, technicians, and vendors.
Leisure/Weekend Demand
Nearby Village Creek State Park (~7,000 acres) provides trails, cabins, golf, and recreation, adding seasonal compression and shoulder-night pickup to complement midweek traffic.
Eastern Arkansas I-40 features high truck volume (~60% on rural segments), signaling durable roadside demand for economy lodging.
Market Drivers & Economic Outlook
Prime Interstate Positioning — Natural overnight stop between major metros.
Diversified Year-Round Base — Commercial anchors ensure weekday stability; recreation boosts weekends.
Lodging Cluster Synergy — Supports rate integrity and conversions.
Pro-Business Growth — Forrest City Chamber promotes industrial sites with I-40 access and cost advantages over Memphis/Little Rock, attracting contractors/suppliers. Anchors like Core-Mark and Boar’s Head drive logistics traffic.
State/Regional Incentives — AEDC site-readiness programs; EAPDD grants; cash incentives; two Opportunity Zones for capital attraction.
Workforce Pipeline — EACC training programs generate stays from trainees/faculty/vendors.
Infrastructure Upgrades — $1.024B BEAD broadband funding; park/sports complex improvements enhance visitor experience and quality-of-life.
Industrial Expansion — Phase II Industrial Park (~440 acres); shovel-ready sites outside floodplain.
This resilient, diversified demand base is ideally suited for an economy limited-service hotel.
Highly confidential.
All tours must be scheduled with the broker.
Contact Suresh Patel at 901-674-6105 or sureshipatel@moonrealtyusa.com