HVS Brokerage & Advisory, in cooperation with Jennifer Stein Real Estate Inc., as the sole and exclusive advisory firm to ownership, present the opportunity to acquire the 56-key Days Inn by Wyndham Lake Village, a limited-service hotel asset in Lake Village, Arkansas, that is currently owner-operated and will be sold without management encumbrances.
Historically, the hotel has achieved topline revenues from the low $800,000s to the high $900,000s, presenting an investor with a strong indicator in forecasting future cash flows. The property is in good physical condition, resulting in a nominal change-of-ownership property improvement plan (PIP).
Moreover, it is favorably located along U.S. Highway 65, the main thoroughfare in Lake Village, offering easy access to nearby demand generators in the area and positioning it as an attractive option for business and leisure travelers visiting the region.
Consistent Cash Flow
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The hotel has a history of consistent topline revenues, having registered annual rooms revenue levels from a low of $837,000 to a high of $966,000 from 2019 through 2022.
Strong-Performing Asset
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The hotel has performed well given the property’s location along U.S. Highway 65 and in consideration of its facilities and amenities, relative to comparable economy hotels in the submarket. Per the STAR report, the hotel’s RevPAR penetration reached 178.5% in 2022.
Discount to Replacement Cost
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The property is available at a discount to its replacement cost, at $62,500 per room, presenting a cost-effective investment opportunity.
Interior-Corridor Guestrooms and Owner’s Apartment
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The two-story property has 56 interior-corridor guestrooms, including an owner’s apartment that occupies two guestrooms. Located across from the lobby, the owner’s apartment features two bedrooms, two bathrooms, a fully equipped kitchen, and a living room.
For inquiries please visit here to execute the Confidentiality Agreement.