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120 E Harrell Dr
Russellville, AR 72802
Fairfield Inn & Suites Russellville · Hospitality Property For Sale
·
50,616 SF
Investment Highlights
- 73-Room, Interior Corridor, Upper Midscale Hotel Built in 2002
- Priced Significantly Below Replacement Cost at $58,219 Per Key
- Located Within an Opportunity Zone; See Agent for More Information
- Less than One Mile from Arkansas Tech University
- Coveted Marriott-Branded Asset With Recently Completed PIP
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2002 |
| Building Class | B | Parking Ratio | 1.6/1,000 SF |
| Lot Size | 2.04 AC | Corridor | Interior |
| Building Size | 50,616 SF | ||
| Zoning | C2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.04 AC |
| Building Size | 50,616 SF |
| No. Stories | 3 |
| Year Built | 2002 |
| Parking Ratio | 1.6/1,000 SF |
| Corridor | Interior |
| Zoning | C2 |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
About 120 E HARRELL DR , RUSSELLVILLE, AR 72802
Property Overview: The Fairfield Inn & Suites Russellville is a 73-room, three-story, interior corridor hotel built in 2002. Well-equipped with numerous common area and guest room amenities, this limited-service upper midscale hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, and flat-screen television. Additionally, some splendid common area amenities the hotel has to offer consist of an indoor pool, spa tub, fitness center, business center, sundry shop, and a meeting room. Location Overview: Russellville, Arkansas is a city located in Pope County in the northwestern region of the state, 80 miles northwest of Little Rock. The Fairfield Inn & Suites Russellville is superbly positioned near the Highway 40 and Interstate 40 interchange. With the city's major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include manufacturing, retail trade, and educational services. ConAgra Foods, Inc. and Tyson Foods, Inc., two of the city's largest employers located approximately five miles from the hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Arkansas Tech University (0.8 miles) and Arkansas Nuclear One (7.1 miles). Revenue generators in the area, like Valley Park Center (4.1 miles) and Russellville Municipal Airport (4.9 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Lake Dardanelle State Park (5.2 miles) and Ozark National Forest (20.8 miles). Broker of Record Anne Williams AR PB00066390
Property Taxes
| Parcel Number | 868-80004-000C | Improvements Assessment | $476,220 |
| Land Assessment | $71,090 | Total Assessment | $547,310 |
Property Taxes
