Country Inn & Suites by Radisson, Conway, AR — Sale in Conway, AR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Conway, AR 72032
  • Year built: 2009

Photos

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Investment Figures

Cap rate
1.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Country Inn & Suites by Radisson, Conway, AR (“Hotel” or “Property”), an upper midscale hospitality property located at 750 Amity Road in Conway, Arkansas. The Hotel is offered at $3,900,000 or $58,209 per key. The four-story Property is comprised of 67 rooms and is positioned on a 1.58-acre parcel. Originally constructed in 2009, the Hotel features amenities designed to appeal to business and group travelers, including a business center, indoor pool, fitness center, and approximately 1,250 square feet of meeting space. Located just minutes from Downtown Conway, the Property benefits from the presence of several major demand generators paired with strong regional access via Interstate 40 and U.S. Highway 64. Multiple educational institutions are located within three miles of the Property, including University of Central Arkansas, Hendrix College, and Central Baptist College. With a combined enrollment exceeding 11,500 students, these universities reliably contribute to lodging demand through campus visits, conferences, special events, and visiting faculty. Likewise, lodging demand in the market is driven by Conway Regional Health System and Baptist Health Medical Center, both located just over three miles from the Property. The two health centers are comprised of a combined 300 hospital beds and serve tens of thousands of patients annually, contributing to lodging demand through health care visitations by families and traveling medical specialists. Corporate employers contribute additional demand for lodging by driving business travel and client visits. Top corporate employers operating near the Property include digital marketing agency Axciom and non-profit Independent Case Management (ICM). Likewise, tourism, entertainment, and conference travel helps to sustain year-round demand for lodging thanks to local entertainment and event venues li

Market Context

This hospitality in Conway, AR is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 2009. Compare it against other hospitality listings for sale in Conway, AR — view the full market.

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