5100 N State Line Ave, Texarkana, AR 71854

Two fully operating hotels in one strategic location! This 4.9+/- acre property is located at the high traffic/high visibility intersection of State Line Avenue and Interstate 30 in Texarkana, AR. The property has been split into two hotels with the east wing now operating as a Travelodge Inn & Suites (2-story building) while the west part recently reopened as a Ramada Inn & Suites(4-story building.) The Ramada is a 152 room, full service interior corridor hotel with $2 million in renovations. The hotel features a 24,000 sqft atrium with recreation, lobby, restaurant/lounge,offices, three conference rooms and a service area that connects to the adjacent Travelodge hotel. This investment provides and owner/operator the opportunity to purchase the hotel below replacement cost and increase NOI.
The Ramada Inn is a full-service hotel featuring 159 guest rooms, an indoor pool, gym, on-site restaurant, wi-fi, and more. Cost of this Hotel is $3,800,000.
Travelodge is on the same property and features 49 guest rooms. Cost of this hotel is $1,100,000.