Comfort Suites Jonesboro University Area, Jonesboro, AR

79 guest rooms, 3-story interior corridor hotel built in 2008.

Strategically located off Interstate 555, providing excellent visibility and convenient access for leisure and business travelers in Jonesboro, Arkansas.

Significant Upside Potential: Upside Potential with Renovations and experienced ownership.

Proven Earning Potential: $2.44M revenue in the past. Indicates tremendous opportunity to improve Revenue after property refresh and focus on sales and Revenue Management.

Operational Efficiencies: Room to improve on NOI thru payroll control, and other variable cost controls in this market with relatively lower property taxes.

Compelling Investment: Offers investors the chance to capitalize on market demand and unlock significant value through operational improvements.

Based on the November 2024 STR Report, the hotel’s T-12 RevPAR of $60.03 trails the Comp Set average of $73.90, highlighting a 19% growth opportunity through operational improvements, strategic management, and targeted marketing.

Historical performance of Comfort Suites, Jonesboro, AR:

• 2024 - $1.59M
• 2023 - $1.80M
• 2022 - $1.86M
• 2021 - $1.63M
• 2020 – (covid year)
• 2019 - $2.06M
• 2018 - $2.28M
• 2017 - $2.44M
• 2016 - $2.21M

Recent upgrades include replacing water heaters, pool equipment, and fitness equipment in 2022 and 2023.

The last Major Renovation, Rise and Shine PIP completed in 2016.

Situated in Jonesboro, AR, a regional hub for employment, healthcare, sports, shopping,  and education. Located 70 miles from Memphis, TN, and 130 miles from Little Rock, AR.

Located only 2.5 miles from Arkansas State University (13,000+ students), 1 mile from Regional Medical Center of NEA, and 3 miles from St. Bernard Hospital, ensuring consistent demand from diverse market segments.

Near Arkansas State University, where the $2.2M Slayton Family Field (10-min drive) project is set to boost visitation with upgraded facilities by the 2025 baseball season.

Offered at a price per key of approx. $72.1K significantly below replacement cost.