Best Western Limited-Service
For Sale
Contact for pricing
Pending
1800 Holiday Dr, Hope, AR 71801
71-room, two-story Best Western-branded hotel built in 1984 and renovated in 2017 with a new roof installed in 2021.
Property SizeContact for details
Days on Market119
Property Features for 1800 Holiday Dr
General Information
Standard status
Pending
Property subtype
Hospitality
Occupancy
57%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1984
Year Renovated
2017
Stories
2
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5302
Listed By:
Skyler Cooper · License #TX 618787
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 8 at 12:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Best Western Hope is a 71-room, two-story limited-service hotel built in 1984 and renovated in 2017, with a new roof installed in 2021. Guest rooms are equipped with a refrigerator, microwave, desk with an ergonomic chair, and television. Common amenities include an outdoor pool, business center, guest laundry facilities, and ice/vending machines, along with an airport shuttle service.
The hotel is located at 1800 Holiday Drive at the junction of Interstate 30 and Highway 278. University of Arkansas Hope/Texarkana – Hope Campus is less than five miles away.
For the twelve-month period ending June 2022, the property reported RevPAR of $47.15 and an average ADR of $82.14 with occupancy at 57.4%. During the same period, it recorded over $1.2 million in revenue, with a RevPAR penetration index of 92% versus the STR competitive set.
The hotel is located at 1800 Holiday Drive at the junction of Interstate 30 and Highway 278. University of Arkansas Hope/Texarkana – Hope Campus is less than five miles away.
For the twelve-month period ending June 2022, the property reported RevPAR of $47.15 and an average ADR of $82.14 with occupancy at 57.4%. During the same period, it recorded over $1.2 million in revenue, with a RevPAR penetration index of 92% versus the STR competitive set.
Key Highlights
- Best Western Hope is a 71‑room, two‑story hotel built in 1984 and renovated in 2017.
- New roof installed in 2021; guest rooms include refrigerator, microwave, desk with ergonomic chair, and television.
- Property address is 1800 Holiday Drive at the junction of Interstate 30 and Highway 278 in Hope, Arkansas.
Property Analytics
Current Use
Lease Details
57.4%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 71801, AR
14,991
Population
6,900
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
82%
High-School Grad
297.7 sq mi
ZIP Area
50
Density / Sq Mi
$47,723
Median Household Income
$37,035
Median Earnings
$775
Median Rent
$98,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - 71-room, two-story Best Western-branded hotel built in 1984 and renovated in 2017 with a new roof installed in 2021.
Where is this hotel located?
The property is located at 1800 Holiday Dr Hope, AR.
What are key features of this property?
This property features: Best Western Hope is a 71‑room, two‑story hotel built in 1984 and renovated in 2017.; New roof installed in 2021; guest rooms include refrigerator, microwave, desk with ergonomic chair, and television.; Property address is 1800 Holiday Drive at the junction of Interstate 30 and Highway 278 in Hope, Arkansas.
