It has been my wife and I's dream for several years to create generational wealth. We believe that the hospitality industry is a great place to really advance that dream into reality.
We have located a beautiful, turnkey 34 room boutique hotel, in eureka springs, Arkansas. Eureka Springs is a regional tourist destination with over 750,000 visitors and hosts over 4,000 weddings per year. The hotel we are looking to acquire runs at a 44% occupancy and has a CAP rate of 16% based on 2021 P&L. It was completely renovated in 2021.
It currently runs at $104 ADR, and we believe that we can up the daily rate by $5-10, increasing revenue, just based on the styling as well as the brand-new feel of the property.
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