Back on the market with a price reduction to $5.3M (approx. $56.9K/key).
79-key, 2008-built interior-corridor hotel just off I-555/US-63 in Jonesboro, AR—minutes to Arkansas State University (13k+ students), St. Bernards Medical Center, and NEA Baptist. Strong, diversified demand from university, healthcare, and nearby manufacturing (Nestlé, Frito-Lay, Unilever, Hytrol) plus retail growth along the US-49 corridor. Clear value-add via renovation and focused revenue management; operational upside from payroll and variable cost controls in a favorable tax environment. Recent upgrades (2022–2023) include water heaters, pool equipment, and fitness equipment; last major Rise & Shine PIP in 2016. Performance highlights: peak revenue $2.44M (2017); 2024: $1.59M; 2025 YTD (through July): $851K—demonstrating recovery potential with a refresh and active sales/RM execution.
OM & financials available. Tours now scheduling; ownership prioritizes clean, timely closes given renewed interest at the reduced price.