Candlewood Suites in Texarkana, Texas Listed for Sale

CBRE Hotels has listed the Candlewood Suites, an 80-room property in Texarkana, Texas, for sale. The hotel is located near regional points of interest and diverse demand drivers, presenting a lucrative investment opportunity.

CBRE Hotels has announced that the Candlewood Suites, located at 2901 S Cowhorn Creek Loop in Texarkana, Texas, is now listed for sale. The property, an institutional-owned, 80-room facility, is conveniently situated off Interstate 30. This offers potential buyers and future guests easy access to key locations such as the Texarkana Regional Airport, Texas A&M University, Christus St. Michael Health, and Wadley Regional Medical Center.

The Candlewood Suites is also near several corporate and leisure demand generators in the area, including the Four States Fairgrounds and Rodeo, Cooper Tire and Rubber Company, Red River Army Depot, Domtar, and the Graphic Packaging and International Paper plants. Its proximity to these key demand drivers, along with several universities and hospitals, enhances its appeal to a wide range of guests, from business travelers to leisure seekers.

Moreover, Candlewood Suites is set up for a potential rebranding opportunity. The current franchise agreement with IHG expires in July 2025. Although IHG has expressed interest in re-licensing the hotel after the completion of the change of ownership PIP, the new owners will have the option to rebrand the hotel if they choose to do so.

The hotel will also be delivered unencumbered by management. This aspect creates a significant upside for a more hands-on operator. With a more focused approach to revenue management strategies and a reduction in corporate allocated expenses, new management could significantly increase the hotel’s profitability.

Texarkana is a vital economic and cultural center at the crossroads of Texas, Arkansas, and Louisiana. The city’s rich history and cultural offerings, such as the Discovery Place Museum and the Four States Fair & Rodeo, draw tourists throughout the year. Add to that the presence of major corporations like Cooper Tire and Rubber Company, Domtar, and International Paper, and it’s clear that a constant influx of business travelers is assured. This unique blend of historical charm, cultural events, and economic activity provides a thriving environment for the hospitality industry and makes the Candlewood Suites a particularly attractive investment opportunity.

Overall, the Candlewood Suites’ strategic location, potential for rebranding and management optimization, and proximity to diverse demand drivers make it an appealing option for potential investors. Texarkana’s thriving economic and cultural scene further adds to the property’s appeal, promising a steady influx of guests and potentially high returns on investment.

Inquire at CBRE Hotels.