Super 8 by Wyndham Fort Smith - Fort Smith, AR
About This Property
- 80 Units
- 2 Story, Exterior Corridor Hotel
- Absentee Owner with Underperforming Management
- 5,000 (+/-) Sq Ft Restaurant and Event Space Available to Lease for Additional Income
- Minimal Franchise Transfer Fee of $5,000 and Case Goods are the Only Expected Item Required for New Owner's PIP
- Perfect for Owner Operator - Strong Upside Potential
- All Rooms are Current with Super 8 Requirements though 20 Rooms are Not Currently Utilized / Rented in System
- Fort Smith is Serviced by Interstate 40 & Interstate 540, Midway between Little Rock and OKC with a Population of 90,000
- Offers Encouraged
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, nearby to 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 and 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 Super 8 transfer PIP is only a $5,000 cost, and the Seller anticipates that only case goods would be required for a new owner's PIP on the 60 rooms currently on Wyndham's system. This is a perfect opportunity for an owner operator to capture the upside potential.
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 by 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.
This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.
The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.
By checking the below box and viewing this property, you agree that:
- The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
- The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
- All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.
This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.