Hospitality•Full Service•For Sale
Ramada Inn Travelodge
5100 State Line Avenue, Texarkana, Arkansas 71854
Two fully operating hotels in one strategic location! This 4.9+/- acre property is located at the high traffic/high visibility intersection of State Line Avenue and Interstate 30 in Texarkana, AR. The property has been split into two hotels with the east wing now operating as a Travelodge Inn & Suites (2-story building) while the west part recently reopened as a Ramada Inn & Suites(4-story building.) The Ramada is a 152 room, full service interior corridor hotel with $2 million in renovations. The hotel features a 24,000 sqft atrium with recreation, lobby, restaurant/lounge,offices, three conference rooms and a service area that connects to the adjacent Travelodge hotel. This investment provides and owner/operator the opportunity to purchase the hotel below replacement cost and increase NOI.
The Ramada Inn is a full-service hotel featuring 159 guest rooms, an indoor pool, gym, on-site restaurant, wi-fi, and more. Cost of this Hotel is $3,800,000.
Travelodge is on the same property and features 49 guest rooms. Cost of this hotel is $1,100,000.
On State Line Avenue at the border of Texas and Arkansas. High visibility from Interstate 30
- High-traffic, high visibility location on State Line with 71,000 VPD traffic count
- $2 Million in renovations in 2019
- Priced well under estimated replacement cost!
- 2 Hotels with 197 rooms total as well as indoor pool, gym and other guest amenities
- Value-add opportunity! Absentee-owned and under performing property!
- Strategically located near area attractions such as Wright Pullman Lake, Holiday Springs Water Park, the 1894 City Market, 1894 Gallery, and many local restaurants.
- Major area corporations include the Red River Army Depot and 2 medical facilities
10/18/2019 9:23:18 PM
12/16/2019 9:09:42 PM