2520 Central Ave - Hospitality FOR SALE


Hot Springs National Park, AR 71913
$10,300,000 USD
805-557-8867
2520 Central Ave, Hot Springs National Park, AR for Sale
$10,300,000 USD
Hospitality - FOR SALE
1/27
null | Request Cap Rate

2520 Central Ave
Hot Springs National Park, AR 71913


HIGHLIGHTS

  • 120 Units, 2 Stories, Exterior Corridors
  • Offered at $85,833 / Key
  • Home to the #1 tourist attraction in the state - Hot Springs National Park and directly across from Oaklawn Racing and Gaming
  • 2024 Revenue: $2,333,009
  • Last Four Year Average NOI: $889,061

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present a compelling investment opportunity: the Best Western Winners Circle, a well-established and consistently performing hotel property strategically located in the thriving tourism market of Hot Springs, Arkansas. This 120-unit, exterior corridor hotel benefits significantly from its prime positioning directly across from Oaklawn Racing and Gaming, the statewide top driving entertainment and economic attraction of consistent visitors. Furthermore, its close proximity to the renowned Hot Springs National Park ensures a steady stream of leisure travelers seeking quality accommodation. The property's well-maintained amenities, including a fitness room and outdoor pool, cater directly to the needs and expectations of the diverse tourism traffic visiting the city. This strategic alignment with market demand is reflected in the hotel's history of consistent room revenue and stable expense management, indicating a strong operational foundation and reliable profitability for the discerning investor. The Best Western Winners Circle Inn presents a unique opportunity to acquire a high-performing asset in a resilient and growing tourism destination, offering both immediate cash flow and long-term appreciation potential within the established Best Western brand framework. We invite qualified investors to explore this exceptional offering in a market poised for continued growth. For more information, click here: https://airtable.com/appKi7yOZ4kk2VGe7/pagCG8ddM8BMIJA1o/form Broker of Record: Samuel J Zalowitz | Designated Broker | PB00066389

FOR SALE DETAILS

PRICE

$10,300,000 USD

PRICE/SF

$317 USD /SF

# OF ROOMS

120

PRICE/ROOM

$85,833 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Winners Circle

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1983

PARKING SPACES

150

LAND DETAILS

LAND ACRES

3.04 AC

LAND SF

132,422 SF

ZONING

Commercial

APN/PARCEL ID

400-04730-002-000C

ASK ABOUT THIS PROPERTY

Mac BleierNewGen AdvisoryMore Info
805-557-8867

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Mac BleierNewGen AdvisoryMore Info
805-557-8867

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.