Motel 6
Hospitality | Motel 6, Russellville, AR. $28,205/key
Marketing description
Introducing Motel 6 - an economy motel strategically located in an opportunity zone at 215 West Birch Street, Russellville, AR. With 78 rooms providing clean, comfortable, and affordable accommodations, Motel 6 caters to both business and leisure travelers. Surrounded by diverse manufacturing plants, including the notable Arkansas Nuclear One facility, the property benefits from a steady flow of corporate, contractor, and tourist clientele. Boasting a competitive edge following recent renovations, guests enjoy a modern stay near key attractions such as Lake Dardanelle and the Russellville Aquatic Center. The property's location just off I-40 ensures high visibility and accessibility, contributing to its potential for strong revenue growth. Priced at $2.2 million, Motel 6 presents a lucrative investment opportunity with a price per key of $28,205. Don't miss out on owning this well-positioned and updated economy motel in the bustling market of Russellville, Arkansas.
Investment highlights
Ideal for investors seeking a stabilized asset with upside potential in a growing market.
Renovations reduce near-term capital expenditure requirements.
Unlock the potential for higher occupancy rates and increased average daily rates (ADR) through enhanced product quality and prime location benefits.
Key Assumptions
(1) Occupancy Growth: 45% to 60% by Year 5.
(2) ADR Growth: $51 to $55 by Year 5.
(3) Expense Efficiency: Gradual improvement, reducing Operating
Expense ratio from 85% toward 70%.
(4) NOI: grows from ~$98K to ~$282K over 5 years.
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