CBRE Accommodations has listed the Candlewood Suites, an 80-room property in Texarkana, Texas, on the market. The lodge is situated close to regional factors of curiosity and various demand drivers, presenting a profitable funding alternative.
CBRE Accommodations has introduced that the Candlewood Suites, situated at 2901 S Cowhorn Creek Loop in Texarkana, Texas, is now listed on the market. The property, an institutional-owned, 80-room facility, is conveniently located off Interstate 30. This provides potential patrons and future friends easy accessibility to key areas such because the Texarkana Regional Airport, Texas A&M College, Christus St. Michael Well being, and Wadley Regional Medical Heart.
The Candlewood Suites can be close to a number of company and leisure demand mills within the space, together with the 4 States Fairgrounds and Rodeo, Cooper Tire and Rubber Firm, Purple River Military Depot, Domtar, and the Graphic Packaging and Worldwide Paper crops. Its proximity to those key demand drivers, together with a number of universities and hospitals, enhances its attraction to a variety of friends, from enterprise vacationers to leisure seekers.
Furthermore, Candlewood Suites is ready up for a possible rebranding alternative. The present franchise settlement with IHG expires in July 2025. Though IHG has expressed curiosity in re-licensing the lodge after the completion of the change of possession PIP, the brand new house owners can have the choice to rebrand the lodge in the event that they select to take action.
The lodge can even be delivered unencumbered by administration. This side creates a major upside for a extra hands-on operator. With a extra targeted method to income administration methods and a discount in company allotted bills, new administration may considerably enhance the lodge’s profitability.
Texarkana is an important financial and cultural heart on the crossroads of Texas, Arkansas, and Louisiana. Town’s wealthy historical past and cultural choices, such because the Discovery Place Museum and the 4 States Truthful & Rodeo, draw vacationers all year long. Add to that the presence of main firms like Cooper Tire and Rubber Firm, Domtar, and Worldwide Paper, and it is clear {that a} fixed inflow of enterprise vacationers is assured. This distinctive mix of historic attraction, cultural occasions, and financial exercise supplies a thriving surroundings for the hospitality trade and makes the Candlewood Suites a very engaging funding alternative.
General, the Candlewood Suites’ strategic location, potential for rebranding and administration optimization, and proximity to various demand drivers make it an interesting possibility for potential buyers. Texarkana’s thriving financial and cultural scene additional provides to the property’s attraction, promising a gradual inflow of friends and doubtlessly excessive returns on funding.
Inquire at CBRE Accommodations.