The Super 8 in Fort Smith, AR is an 80 room, 2 story exterior corridor hotel located in Northwest Arkansas, a few miles South of Interstate 40, near Interstate 540 and six miles from Fort Smith Regional Airport.
The current Owner is absentee, and only has 60 of the 80 total rooms operating in Wyndham's reservation system. The remaining 20 rooms are in rentable condition and could be activated. There are 2 apartments with kitchens for employees, and a large 5,000 (+/-) sq ft restaurant and event space that can be leased out for additional income.
The Seller says that the Super 8 transfer fee is only $5,000, and the Seller anticipates that a new owner's PIP would not be significant, though of course we do not know what Wyndham will require until a franchise application is made. This is a perfect opportunity for an owner operator to capture the upside potential. The trailing twelve-month revenue as of September 2024 is $603,000.
Fort Smith has a population of 90,000 people, and features the Arkansas River, lying on the Oklahoma state border. The city is serviced by Interstates I-40 and I-49 and Fort Smith Regional Airport. The hotel is close to University of Arkansas - Fort Smith, Planters Co, Rheem Manufacturing, downtown Fort Smith and top attractions including Choctaw Casino, Parrot Island Waterpark, and Creekmore Park.