Hotels and Hospitality

Holiday Inn Express & Suites Bentonville

2205 Walton Blvd Bentonville, AR United States 72712
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Loan Status REO
Listing Type Hotels & Hospitality,Hospitality

Property description

JLL’s Hotels & Hospitality Group, in conjunction with Ten-X, is pleased to offer for sale the fee simple interest in the 84-room Holiday Inn Express & Suites Bentonville (the “Hotel” or “Property”). Located at the intersection of I-49 and SE Walton Boulevard, the Hotel is within five miles of some of Northwest Arkansas’ largest demand generators including the corporate headquarters of Walmart and Sam’s Club, Walmart Arkansas Music Pavilion, and Crystal Bridges Museum of American Art. The Hotel is offered unencumbered by management, providing new ownership substantial upside through renovations and the implementation of aggressive revenue management tactics.

Situated directly off I-49 in the heart of Bentonville, the Hotel is within five miles of many of Bentonville’s largest employers including the corporate headquarters for Sam’s Club and Walmart and many of their suppliers. The Property is also proximate to many of the region’s most popular leisure and group attractions including Crystal Bridges Museum of American Art, Bentonville Town Square, Walmart Arkansas Music Pavilion, and Pinnacle Hills Promenade. The corporate headquarters for J.B. Hunt is 7.5 miles south of the Hotel and the University of Arkansas is less than 25 miles south of the hotel.

Northwest Arkansas has one of the fastest-growing economies in the nation. During Q4 2021, job creation was more than twice the national rate and nonfarm payrolls had surpassed pre-pandemic levels. Further, the Springdale–Rogers MSA debuted at #8 on Milken Institute’s list of the top 10 Best Performing Large Cities of 2022. This impressive showing, up from #15 the previous year, was based on the region’s strong job, wage, and tech growth.

CLICK HERE TO ACCESS THE TEN-X AUCTION PAGE

Broker of Record | Deborah L. Johnson | License #PB00065489

Investment highlights

The Hotel’s RevPAR most recently peaked in 2019 at $77.48, ranking it 3 of 7 in its peer set with a 107.6% RevPAR index and a 28% NOI margin.

PIP-required upgrades, which are expected to be relatively minimal, and improved revenue management strategies will allow new owners to increase ADR, which was ranked 4 of 7 in 2019, and drive additional occupancy growth.

2205 Walton Boulevard is in a premier commercial corridor and is easily accessible and highly visible to over 40,000 vehicles traveling along Walton Boulevard each day.

Enhanced expense efficiencies will result in additional NOI upside, as NOI margins for premium select-service assets are typically benchmarked at 35%+.

The Hotel is offered unencumbered of both debt and management which allows a new investor to effectively implement a business plan that aligns with their investment strategy and an operating model that will serve to improve top and bottom-line performance.

A new investor will have a remarkable opportunity to acquire the Property at a significant discount to replacement cost. Given the ability to acquire the Property at an extremely attractive basis, a new owner will increase their overall return and profitability for their investors.

Last Updated Date: 07 Jun 2022

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Last Updated Date: 07 Jun 2022

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