Holiday Inn Express & Suites, Arkansas

The Holiday Inn Express & Suites is a well-maintained, attractive, 65-key 3-story interior property in north central Arkansas. It is already Formula Blue compliant. The seller believes that there will be little to no Buyer PIP. Business and leisure travelers are the majority of their market mix.

Currently this business is absentee-managed by all employees, including a GM. The May 2023 STR shows that it is substantially leading its comp set, both YTD and T-12. Additional upside potential exists with owner management and operation to streamline variable expenses. The T-12 NOI as of May ’23 was about 34% of revenue. 2023 YTD room revenue through June was just under $1M, and ahead of 2022 same period.

The HIES is located in a Qualified Opportunity Zone, therefore making it eligible for numerous preferential federal tax advantages and incentives.

This property is close to two airports, plus the popular White River which offers many recreational activities. Nearby parks and trails abound. Two colleges, a medical center, major corporations, three National Historic Districts, and numerous attractions and points of interest are within a short distance from the HIES.