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Property Detail

704 W Michigan St, Stuttgart, AR 72160, USA
Close to an abundance of national and local retailers and service providers.

$Unpriced

Description

INVESTMENT HIGHLIGHTS

  • 704 W Michigan Street is a 70-room Quality Inn & Suites-branded exterior corridor hotel with US Highways 79 and 165 frontage.
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  • Close to an abundance of national and local retailers and service providers, including DG Market, Dollar General, Sonic Drive-In, and more.
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  • Known as the “Rice Capital of the World” & “Duck Capital of the World”, Stuttgart is the agricultural hub of the Grand Prairie.
  • Offered fee simple and unencumbered by management with immense value-add potential to increase cash flow and maintain occupancy.
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  • Stuttgart, located in the northern district of Arkansas County, Arkansas, is a fascinating town with a unique claim to fame.
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  • Tourists flock to Stuttgart to visit famous attractions, including the Museum of the AR Grand Prairie, the Arts Center of the Grand Prairie, and more.

EXECUTIVE SUMMARY

704 W Michigan Street is a 70-room Quality Inn & Suites exterior corridor hotel along US Highway 79. The hotel encompasses 35,345 square feet and sits on a 1-acre parcel of commercial land that offers immense visibility and proximity to multiple major US highways and the Arkansas-Tennessee state line. The Quality Inn & Suites Stuttgart North provides proximity to an abundance of demand drivers, retailers, and tourist attractions. Visitors from all walks of life come to the region to visit many regional attractions near the hotel, including the Museum of the Arkansas Grand Prairie, Arts Center of The Grand Prairie, Bayou Meto State Game Area, and so much more.

The hotel primarily serves workers who travel to Stuttgart to work at Riceland (one of the largest Rice Mills in the country), Producers, Lennox Paper Mill, Railroad maintenance, Solar projects etc. It is located in a part of Stuttgart that is growing. Stuttgart is also known as Duck Capital of the world. Duck hunting season goes from November to February. The hotel sees a large population of duck hunters during the winter. It also benefits from local annual events like fairs, bike rallies and farm equipment sale/auction. During the summer months, the hotel sees traffic from local weddings, family reunions and pool/birthday parties. Quality Inn and Suites has Stuttgart's only indoor pool which is a big attraction during the summer.

Strategically located at the intersection of W Michigan Street (US Highway 79) and N Buerkle Street (US Highway 165), boasting premium exposure to over 15,000 vehicles traveling along each major highway. Pine Bluff, Arkansas, is easily accessible via US Highway 79, approximately 35 minutes from the hotel. The locale is home to Pine Bluff Regional Airport and various tourist attractions. The hotel is also located less than an hour from the Arkansas state capital, Little Rock, which is accessible via US Highway 165 E.

The hotel is located in the healthy Arkansas South Area Submarket. The large submarket contains about 13,000 rooms, primarily within small hotels and inns. According to CoStar and STR analytics, as of March 2024, 12-month RevPAR in the Arkansas South Area hotel submarket was climbing at an annual rate of 2%, essentially in line with the large Arkansas Area (USA) Average.
 

AMENITIES

  • Business Center
  • Pool

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Suite2$90.00-
Guest Room68$80.00 
    

 

ABOUT SOUTHERN ARKANSAS AREA

The Southern area of Arkansas is centrally located within the state proximate to Interstate 40 and U.S. Route 49. I-40 connects the area to Little Rock to the west and Memphis, Tennessee, to the east. Nearby U.S. Route 49 connects the area to Jonesboro, Arkansas, to the north and the Mississippi border to the southeast.

Southern Arkansas is a regional hub for manufacturing and specialty food production. Major employers in these industries that generate lodging demand for area hotels include Phillips Van Heusen Corp., Riviana Foods, and Specialty Rice. Also generating lodging demand in the region is the Little Rock Air Force Base, which employs 7,000. The base is home to the 19th Airlift Wing the largest fleet of military cargo planes in the country that supply humanitarian airlift relief to disaster victims as well as airdropping supplies and troops into hostile areas.

Arkansas State University, with an enrollment of 14,000 students, brings visitors to the area for sporting events, graduation, and family weekends. Other nearby attractions that bring leisure visitors to the area, particularly in the summer and fall, include Lake Greenlee and the Central Delta Depot Museum. Little Rock, the capital of Arkansas, is 30 miles to the east and attracts visitors year-round to the Clinton Presidential Library and the Central High School National Historic Site.

Clinton National Airport in Little Rock serves the area and offers daily nonstop flights to over a dozen major cities including Atlanta, Charlotte, Chicago, Denver, Houston, Orlando, St. Louis, and Washington, D.C.

 

Mital Patel

+1 501-791-1775

Nick Gokal

Phone +1 501-664-7807

Mobile +1 479-264-1622

Specification

General

  • 35345
  • 1.9900
  • Investment
  • Commercial
  • 1985
  • 70

Hospitality

Quality Inn & Suites Stuttgart North AUCTION ON JUNE 24 - 26, 2024

Listing ID : 00441

SKU: 441

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