1604 E Main St Magnolia, AR 71753
Holiday Inn Express
Price: US$ 5,200,000.00
Category: For Sale
Sub-Type: Hotel and Motel - Full Service
Property Uses: Investment Property
Building Size: 30600
Holiday Inn Express has 56 rooms. Property is current on all PIP requirements and is in super condition. Well run and managed by old time Arkansas operators/builders. High ADR with above average occupancy. There are 70 storage units on the property that bring in approximately $3,000 per month rental income. Storage units cannot be split from the Hotel property and go with the deal.
Ideally located near Southern Arkansas University. There are no other upscale limited service hotels in this college town and very very unlikely to be in the future. This Magnolia hotel is only a short drive to Logoly State Park and Lake Columbia. The surrounding forests shelter deer, turkey, and quail with annual open seasons. Magnolia is the host city of the Magnolia Blossom Festival and the World Championship Steak Cook Off, which are held annually every May. The hotel is walking distance from the historic Columbia County Courthouse and the Lights Fantastic Festival.
Listing Company: Legacy Group