Super 8 Jonesboro | 2500 S Caraway Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Super 8 Jonesboro 2500 S Caraway Rd
68 Room Hotel Jonesboro, AR 72401 $3,550,000 ($52,206/Room) 10.70% Cap Rate
Executive Summary
• 68 Guestrooms in a two-story, interior corridor building featuring concrete construction and a pitched roof.
• Average 2022/23 Revenue of $870K and $300K Adjusted NOI.
• Fully staffed Hotel with a General Manager – Upside Potential for Owner Operator.
• Over $500,000 in renovations were completed in 2022, including a new roof, EIFS, all guest room windows, furniture, and electrical systems. The hotel also features LED lighting throughout and a new commercial washer and dryer
• Post-renovation, Hotel shows strong revenue growth in 2023, with room for further improvements through owner operation
• A minimal Change of Ownership PIP is anticipated, which may include new mattresses, updated artwork, In 50 guest bathrooms, new vanities and flooring.
• Offered at an attractive price per key of $52,206
• Average 2022/23 Revenue of $870K and $300K Adjusted NOI.
• Fully staffed Hotel with a General Manager – Upside Potential for Owner Operator.
• Over $500,000 in renovations were completed in 2022, including a new roof, EIFS, all guest room windows, furniture, and electrical systems. The hotel also features LED lighting throughout and a new commercial washer and dryer
• Post-renovation, Hotel shows strong revenue growth in 2023, with room for further improvements through owner operation
• A minimal Change of Ownership PIP is anticipated, which may include new mattresses, updated artwork, In 50 guest bathrooms, new vanities and flooring.
• Offered at an attractive price per key of $52,206
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
| Price | $3,550,000 | Lot Size | 1.53 AC |
| Price Per Room | $52,206 | Building Size | 25,186 SF |
| Sale Type | Investment | No. Rooms | 68 |
| Cap Rate | 10.70% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1987/2004 |
| Property Subtype | Hotel | Parking Ratio | 3.49/1,000 SF |
| Building Class | C | Corridor | Interior |
| Price | $3,550,000 |
| Price Per Room | $52,206 |
| Sale Type | Investment |
| Cap Rate | 10.70% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.53 AC |
| Building Size | 25,186 SF |
| No. Rooms | 68 |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2004 |
| Parking Ratio | 3.49/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $74.00 | - |
| Guest Room | 65 | $67.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 01-144282-03100 | Improvements Assessment | $224,076 |
| Land Assessment | $179,947 | Total Assessment | $404,023 |
PROPERTY TAXES
Parcel Number
01-144282-03100
Land Assessment
$179,947
Improvements Assessment
$224,076
Total Assessment
$404,023
zoning
| Zoning Code | CI (Commercial) |
| CI (Commercial) |
Learn More About Investing in Hospitality Properties
1 of 22
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Moon Realty USA, LLC
Super 8 Jonesboro | 2500 S Caraway Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.