Hospitality•Full Service•For Sale

Ramada Inn Travelodge

5100 State Line Avenue, Texarkana, Arkansas 71854

Sale Price $4,900,000
Zoning C-3 Commercial District
Status Existing
Year Built 1970
Year Renovated 2019
Stories 4
Gross Bldg 114,944 SqFt
RBA 139,201 SqFt
Land Area 4.99 Acres
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

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Sale Brochure

10/18/2019 9:23:18 PM 12/16/2019 9:09:42 PM
Johnny Mitchum
Commercial Director
KW Commercial
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