• This hotel features 79 guest rooms in a 3-story interior corridor building, constructed in 2008.
• Strategically located off Interstate 555, providing excellent visibility and convenient access for leisure and business travelers.
• Total Revenue for the hotel for 2024 reached $1.59M.
• In 2023, the property generated $1.80M in revenue with $581K Net Operating Income (32.32%).
• In 2022, the property generated $1.86M in revenue with $617K Net Operating Income (33.18%).
• Based on the November 2024 STR Report, the hotel’s T-12 RevPAR of $60.03 trails the Comp Set average of $73.90, highlighting a 19% growth opportunity through operational improvements, strategic management, and targeted marketing.
• Recent upgrades include pool equipment, water heaters, TVs, washers, mattresses, and fitness equipment, with a Rise and Shine PIP completed in 2016.
• Situated in Jonesboro, AR, a regional hub for industries like manufacturing, healthcare, and education. Located 70 miles from Memphis, TN, and 130 miles from Little Rock, AR.
• Positioned 2.5 miles from Arkansas State University (13,000+ students), 1 mile from Regional Medical Ctr of NEA, and 3 miles from St. Bernard Hospital, ensuring consistent demand from diverse market segments.
• Offered at a price per key of approx. $72.1K.
o Year 1 Revenue approx. $1.80M
o Year 1 Adjusted NOI approx. $612K