111 E Harrell Dr | Russellville, AR 72802
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- LoopNet Team
111 E Harrell Dr
Russellville, AR 72802
REO Sale | The La Quinta Inn Russellville · Hospitality Property For Sale
·
41,280 SF
INVESTMENT HIGHLIGHTS
- Well-located asset directly off I-40. Upgrades focusing on exterior & guest bathrooms, the Property can drive ADR to improve upon its RevPAR ranking.
- Manufacturing industry drives the economy in the River Valley, with over 46 manufacturers in the area yielding 8,500 jobs.
- Opportunity to acquire the Property at significant discount to replacement cost & increase overall return and profitability for their investors.
- Proximate to local demand drivers: Arkansas Tech Univ.(0.6 mi), Arkansas Nuclear One(7.2 mi) one of the largest employers in the region(950 employees
- Russellville is home to the divisions of 10 Fortune 500 companies: Dow Chemical, Firestone, International Paper, Tyson Foods and ConAgra Foods.
- Hotel exceeded pre-covid RevPAR levels and is projected to exceed 2019 by 16.2% in 2022, yet bottom-line NOI has yet to return to pre-pandemic levels.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2008/2017 |
| Building Class | B | Parking Ratio | 1.53/1,000 SF |
| Lot Size | 1.62 AC | Corridor | Interior |
| Building Size | 41,280 SF | ||
| Zoning | C - Motel | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.62 AC |
| Building Size | 41,280 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2008/2017 |
| Parking Ratio | 1.53/1,000 SF |
| Corridor | Interior |
| Zoning | C - Motel |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 868-80005-002C | Improvements Assessment | $550,570 |
| Land Assessment | $56,450 | Total Assessment | $607,020 |
PROPERTY TAXES
Parcel Number
868-80005-002C
Land Assessment
$56,450
Improvements Assessment
$550,570
Total Assessment
$607,020
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