Property Overview:
The Best Western Inn Russellville is a 96-room, exterior corridor, midscale hotel located in Russellville, Arkansas. The property was built in 1983 and features a metal roof and a brick exterior. The hotel is on a below-market 60-year land lease, and included in the leasehold sale is the adjacent Colton's Steak House & Grill, which subleases to the hotel at around $29,000 per year. Common area amenities include an outdoor pool, laundry facilities, and ample large-vehicle parking. The seller has recently completed the latest design review renovations mandated by Best Western.
Location Overview:
Russellville, Arkansas is a thriving town located less than one mile from Arkansas Tech University, which offers enrollment numbers of over 10,000 students. The Best Western Inn Russellville is positioned on 2326 North Arkansas Avenue with direct access to multiple demand generators. The town is located between the Ozark Mountains and the Ouachita Mountains and is surrounded by four state parks with a dozen smaller parks within city limits that attract leisure travelers. The hotel nearby the Lake Dardanelle State Park on the Arkansas River with 315 miles of beautiful shoreline and the Petit Jean State Park is 30 miles away. The hotel benefits greatly from scenic Lake Dardanelle's attractions, which hosts over 50 competitive fishing tournaments and 8,000 anglers annually. Other area attractions include the Museum of Automobiles and Arkansas Nuclear One, the only nuclear power plant in Arkansas, just outside of Russellville. The town hosts the Pope County Fair at summers end, attracting 50,000 visitors, and downtown Russellville hosts a quarterly art walk, complete with food and live music.
Broker of Record
Anne Williams
AR PB00066390
