Property Description:

Completely remondeled 18 room motel under new management. All rooms have been completely renovated and there is a 4 bedroom living quarters that is next to the front lobby area. The living quaters has also been completely renovated. This is the number 1 rated hotel in Marshall. New roof, new hot water system, new signage. Ideal for an owner operator. Seller will finance with 25% down and is highly motivated. Seller lives out of state and used to operate this hotel very successfully. Seller currently owns and operates another hotel outside of the state and is highly motivated to move this property. Good upside for a serious operator and perfect for a couple to operate. Motel has done very well since re-opening and this is an ideal property for first time operators or if you have relatives coming over from India. Seller feels comfortable with 75k revenue, good operator should be able to do over 100k Gross Revenue per year.

Location Description:

Marshall is a small town in Central Arkansas with a high quality of living. Low crime, good schools, relatively close to Conway and North Little Rock. There really is no other competition in Marshall as the other motel is very old and in poor condition. Pizza Hut, Sonic, Subway, Fred's, Harp's (large grocery store), Dairy Queen, 3 auto dealerships, 3 hardware stores, New Civic Center. Marhsall has a new Mayor and a new attitude. Ideal for a couple or couple with children who want to grow with the town.

Listing Company: Legacy Group