Below Replacement Cost

• This opportunity presents an investor the ability to acquire the property at a price well below replacement cost, at less than $33,000 per key.

• The opportunity exists for immediate value creation without large capital investment.

Operator/Owner's Apartment

• The property contains onsite living space for an owner/operator.

Recently Completed Renovations

• The property features modern and updated facilities, designed to enhance guest experience and reduce expenses with more efficient designs and systems.

Strong Demand Generators and Proximity to Major Markets

• The property is favorably located near the Texas, Arkansas, Louisiana, and Oklahoma state borders along Interstate 30, supporting a stream of steady lodging demand.

• The hotel benefits from the demand created by regional events, corporate business, and leisure travelers.

Robust Economic Development

• The following bullet points highlight the robust economic development occurring in the area:

  • $100-billion, ten-year transportation plan proposed by Governor Abbott and TxDOT

  • $88.9-million widening project of Interstate 30

  • Courthouse Square Initiative project in Downtown Texarkana

  • TexAmericas Center attracting high tech companies and developing green energy data centers

  • Texarkana Regional Airport recently awarded funds for a new terminal

  • Miller County's Alex Smith Park receiving state funds for improvements

Impressive Growth and Performance

• Per the December 2022 Monthly STR Report, the hotel realized a 36.8% RevPAR increase from 2021 to 2022, outperforming the competitive set’s average of 9.8% growth.

• The hotel’s RevPAR penetration index remained above 100.0% from 2018 through 2022, demonstrating its resilience and ability to capture market share.