Rogers, Arkansas, is a prime location for investing in hotels, with its rich history, diverse economy, and growing population of around 70,000 residents. Hotels in Rogers offer a unique opportunity for investors to capitalize on the city's tourism industry, which is driven by attractions like the Walmart AMP music venue and the Pinnacle Hills Promenade shopping center. With its strong economy and excellent infrastructure, Rogers is an attractive destination for both business and leisure travelers. The city's amenities, such as the Rogers Aquatic Center and Foerster Park, also make it an ideal location for families and outdoor enthusiasts. Additionally, Rogers is home to several major employers, including Walmart and Daisy Outdoor Products, which contributes to the city's economic vitality. The city's location in the Ozarks region, with its natural beauty and outdoor recreational opportunities, also makes it an attractive destination for tourists.
Currently, there are 1 hotels for sale in Rogers, offering a range of investment opportunities. The average price per square foot for hotels in Rogers is $177 USD, with an average size of 59,359 square feet. The largest hotel available for sale is 59,359 square feet. In addition to hotels, Rogers also offers other investment opportunities, such as restaurants, apartment buildings, and shopping centers. For example, restaurants in Rogers can benefit from the city's growing population and tourism industry, while apartment buildings can capitalize on the demand for housing from students attending the University of Phoenix, Bryan College, Harding University, and John Brown University. Shopping centers, like the Pinnacle Hills Promenade, can also thrive in Rogers, with its strong economy and excellent infrastructure. Overall, Rogers offers a unique combination of economic vitality, natural beauty, and investment opportunities, making it an attractive destination for investors and businesses alike.
What factors should I consider when buying a hotel in Rogers?
When considering buying a hotel in Rogers, Arkansas, there are several key factors to take into account, including:
- Average cap rate, which is currently , to ensure a strong return on investment.
- Property size, with available listings ranging from 59,359 square feet to 59,359 square feet, to accommodate your business needs.
- Location, with proximity to major transportation hubs like the Rogers Municipal Airport (ROG) and the Northwest Arkansas National Airport (XNA), as well as attractions like the Pinnacle Hills Promenade shopping center and the Walmart AMP music venue, to attract guests and drive revenue.
It's also essential to research the local market, including the average price per square foot, currently $177 USD, and the number of available listings, 1, to make an informed decision. Additionally, understanding the city's economy, infrastructure, and amenities will help you navigate the process of buying a hotel in Rogers. For more information on commercial real estate financing, check out our article on CRE loans.
How is the value of a hotel for sale typically calculated?
In Rogers, Arkansas, the value of a hotel for sale is typically calculated through a comprehensive CRE appraisal, which takes into account various factors such as the property's income-generating potential, local market conditions, and the overall demand for hospitality services. To learn more about the CRE appraisal process and how it affects hotel valuations, check out our in-depth article at CRE appraisals.
