Comfort Suites Jonesboro | 3404 Access Rd
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Comfort Suites Jonesboro 3404 Access Rd
79 Room Hotel Jonesboro, AR 72401 $5,700,000 ($72,152/Room) 10.70% Cap Rate
Executive Summary
• This hotel features 79 guest rooms in a 3-story interior corridor building, constructed in 2008.
• Strategically located off Interstate 555, providing excellent visibility and convenient access for leisure and business travelers.
• Total Revenue for the hotel for 2024 reached $1.59M.
• In 2023, the property generated $1.80M in revenue with $581K Net Operating Income (32.32%).
• In 2022, the property generated $1.86M in revenue with $617K Net Operating Income (33.18%).
• Based on the November 2024 STR Report, the hotel’s T-12 RevPAR of $60.03 trails the Comp Set average of $73.90, highlighting a 19% growth opportunity through operational improvements, strategic management, and targeted marketing.
• Recent upgrades include pool equipment, water heaters, TVs, washers, mattresses, and fitness equipment, with a Rise and Shine PIP completed in 2016.
• Situated in Jonesboro, AR, a regional hub for industries like manufacturing, healthcare, and education. Located 70 miles from Memphis, TN, and 130 miles from Little Rock, AR.
• Positioned 2.5 miles from Arkansas State University (13,000+ students), 1 mile from Regional Medical Ctr of NEA, and 3 miles from St. Bernard Hospital, ensuring consistent demand from diverse market segments.
• Offered at a price per key of approx. $72.1K.
o Year 1 Revenue approx. $1.80M
o Year 1 Adjusted NOI approx. $612K
• Strategically located off Interstate 555, providing excellent visibility and convenient access for leisure and business travelers.
• Total Revenue for the hotel for 2024 reached $1.59M.
• In 2023, the property generated $1.80M in revenue with $581K Net Operating Income (32.32%).
• In 2022, the property generated $1.86M in revenue with $617K Net Operating Income (33.18%).
• Based on the November 2024 STR Report, the hotel’s T-12 RevPAR of $60.03 trails the Comp Set average of $73.90, highlighting a 19% growth opportunity through operational improvements, strategic management, and targeted marketing.
• Recent upgrades include pool equipment, water heaters, TVs, washers, mattresses, and fitness equipment, with a Rise and Shine PIP completed in 2016.
• Situated in Jonesboro, AR, a regional hub for industries like manufacturing, healthcare, and education. Located 70 miles from Memphis, TN, and 130 miles from Little Rock, AR.
• Positioned 2.5 miles from Arkansas State University (13,000+ students), 1 mile from Regional Medical Ctr of NEA, and 3 miles from St. Bernard Hospital, ensuring consistent demand from diverse market segments.
• Offered at a price per key of approx. $72.1K.
o Year 1 Revenue approx. $1.80M
o Year 1 Adjusted NOI approx. $612K
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $5,700,000 | Lot Size | 4.65 AC |
| Price Per Room | $72,152 | Building Size | 45,000 SF |
| Sale Type | Investment | No. Rooms | 79 |
| Cap Rate | 10.70% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 2008 |
| Property Subtype | Hotel | Parking Ratio | 2.69/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | $5,700,000 |
| Price Per Room | $72,152 |
| Sale Type | Investment |
| Cap Rate | 10.70% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.65 AC |
| Building Size | 45,000 SF |
| No. Rooms | 79 |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 2.69/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 79 | $134.00 | - |
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PROPERTY TAXES
| Parcel Number | 01-144284-06400 | Improvements Assessment | $1,148,905 |
| Land Assessment | $53,056 | Total Assessment | $1,201,961 |
PROPERTY TAXES
Parcel Number
01-144284-06400
Land Assessment
$53,056
Improvements Assessment
$1,148,905
Total Assessment
$1,201,961
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Comfort Suites Jonesboro | 3404 Access Rd
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