This 49-key Super 8 is located off of Highway 65 in Harrison, Arkansas. The property was built in 1986 and is situated on a 1.96 acre lot (according to the Boone County Assessor).

The property is in excellent condition and a majority of the PIP items have been recently completed. As such, a limited Change of Ownership PIP is expected.

Guest rooms feature a refrigerator, microwave, flat panel HDTV, complimentary WiFi, iron & ironing board and a coffee/tea maker.

Common area amenities include a seasonal outdoor pool, complimentary breakfast, business center, guest laundry and bus/truck parking.

The property is pet-friendly and 100% smoke-free.

Executive Summary

We are pleased to present the Harrison, Arkansas Super 8. Located off of US Hwy 65, this well cared for 49-key property has undergone substantial property improvements over the past three years. The property offers a variety of amenities including refrigerators, microwaves, flat-panel HDTV’s, complimentary breakfast and a seasonal outdoor pool. Trending over 800K T12 as of August 2022!!

The Harrison market offers a variety of local demand generators. Outdoor recreation opportunities in the area include Buffalo National River, Mystic Caverns, Crystal Dome, Lake Taneycomo and Hurricane River Cave. The property is also convenient to major area employers, including FedEx Freight Distribution, North Arkansas Regional Medical Center, Pace Industries, North Arkansas College and Claridge Products & Equipment. Recently it was announced that the former Dogpatch USA theme park, which has been closed for decades, will become Marble Falls Nature Park just 10 miles south of the property. Additionally, Harrison is only 30 miles south of Branson, Missouri which attracted an estimated 10 million visitors in 2021.

Like most hotels, the Super 8 experienced reduced demand in 2020 but the property rebounded in a big way in 2021. With room revenue coming in at $715,000 for year-end 2021 the property exceeded 2020 revenue by over $250,000. That 2021 revenue figure exceeded 2018 & 2019 levels as well. 2022 is off to an encouraging start as well with YTD revenue (June 9th) already $83,000 ahead of 2021 revenue over the same period.

Considering the 2021/2022 operating stats, the favorable hotel market, and the well maintained property with a minimal Change of Ownership PIP expected, we think you’ll find this investment opportunity very compelling. Please call or email if you need additional information or would like to discuss further.

Property Details

Address
1330 US-62 #65, Harrison, AR 72601
Price
$2,150,000 
Rooms
49 
Price Per Key
43,877 
Property Type
Limited Service 
Revenue
Call for more Info! 
Website
 

Hotel Description

Executive Summary
• Built 1986
• Situated off of US Highway 65
• Refrigerators
• Microwaves
• Flat-panel HDTV’s
• Seasonal outdoor pool
• Complimentary breakfast
• Business center
• 100% Smoke-Free
– 49 Rooms at $43,877a Key

Contact a Broker

Nihar Patel


Topeka, KS
Cell: 785-554-7810
Fax: 316-281-4243