Attractive Hilton Properties with Comprehensive Amenities: Home2 Suites & Homewood Suites Fort Smith Arkansas offers a total of 178 rooms located in Fort Smith, Arkansas. The properties are strategically located near Phoenix Avenue, near the intersection of Arkansas 22 and Interstate 540, both major thoroughfares with a significant daily traffic volume exceeding 57,000 vehicles. Both offerings are encumbered by Airport Authority Land Lease.

Home2 Suites by Hilton Fort Smith, located at 7400 Phoenix Avenue in Fort Smith, Arkansas, features 90 rooms across a four-story structure built in 2016, situated on 2.61 acres with 336 square feet of meeting space. Homewood Suites by Hilton Fort Smith, an upscale four story extended stay property situated at 7300 Phoenix Avenue in Fort Smith, Arkansas, features 88 rooms and occupies 2.34 acres with 900 square feet of meeting space. Both properties feature an indoor pool, fitness center, business center, guest laundry, snack shop/ convenience store, breakfast area and outdoor pet area.

MSA Economy Driven By Manufacturing, Engineering, Healthcare and Logistic Companies: The Fort Smith Metropolitan Statistical Area (MSA) is a dynamic region with a diverse economy characterized by a mix of manufacturing, healthcare, engineering and logistics. Some of the major manufacturing and engineering corporations include ABB Motors and Drives (5.5 miles), Wingfoot Commercial Tire Systems, a Goodyear subsidiary (4.4 miles), Trane Technologies (6.3 miles), Hugg & Hall Equipment Co (2.9 miles), Glatfelter Advanced Materials (5 miles), and Rheem Air Headquarters and Manufacturing Facility (3.5 miles). Outside of automotive and equipment manufacturing plants, additional warehouse and packing facilities are nearby as well, including Riverside Furniture’s headquarters (6.6 miles), Silgan Holdings, a packing solutions company (4.1 miles), OK Foods (7.3 miles), and Nestle (Gerber) which is situated 7.4 miles from subject properties. With regular visitors from corporations including General Electric, Lockheed Martin, Locum Tenens, Layton Construction, Leidos and Kloch Industries, these companies promote major contributions to the transportation and maintenance of the MSA.

Proximity to Premier Healthcare Facilities Boosts Demand: Fort Smith offers unique advantages, particularly with the presence of esteemed healthcare facilities within proximity to the property such as Mercy Hospital Fort Smith (.8 miles) and Baptist Health – Fort Smith (5.8 miles). Mercy Hospital, boasting over 300 beds, exemplifies over a century of exceptional healthcare service, consistently lauded for its superior customer care. Meanwhile, Baptist Health – Fort Smith, with over 450 beds, holds the distinction of being Arkansas’s first hospital, recognized nationally as a primary stroke center by the Arkansas Department of Health in 2023. In partnership of CHG Healthcare, leader in physician staffing workforce solutions that is supported by an extensive database of 700,000 providers to help organizations succeed, these healthcare institutions and services not only attract a steady flow of patients and visitors, but also provide a reliable source of demand for hotel accommodations.

Prime Location Surrounded by Key Attractions for Business and Leisure Travelers: The hotels enjoy a prime location surrounded by diverse demand generators that cater to both business and leisure travelers alike. The Fort Smith Convention Center (5.5 miles) stands out with its expansive 116,800 square feet of versatile event space, complemented by a cutting-edge performing arts center that accommodates 1,331 guests at the ArcBest Performing Arts Center. Nearby, The Shops at BrickCity (.4 miles) and BrickCity Emporium offer a vibrant mix of over 160 shops, ranging from unique boutiques to artisanal crafts and vintage treasures, providing an appealing destination for guests seeking retail therapy and dining options. Adventure enthusiasts are drawn to Spartan Adventure Park (.7 miles), while nature lovers frequent the AGFC Janet Huckabee Arkansas River Valley Nature Center (4.0 miles) and history buffs explore the Fort Smith Museum of History (5.7 miles), Fort Smith National Historic Site (5.8 miles), and the United States Marshals Museum (6.6 miles).

Fort Chaffee Joint Maneuver Training Center and Ebbing Air National Guard Base: Fort Smith, Arkansas, is home to two significant military installations. Fort Chaffee, spanning over 65,000 acres, serves as a key training site for the Arkansas National Guard and other military units, offering extensive facilities for ground maneuvers, live-fire exercises, and urban warfare simulations. Ebbing Air National Guard Base, located at Fort Smith Regional Airport, is home to the 188th Wing, specializing in intelligence, surveillance, reconnaissance (ISR) missions, and precision targeting. The base supports both state and federal missions, providing critical support for national defense and emergency response. For hotel investors, these installations are vital demand generators, attracting military personnel, contractors, and visiting families.

Fort Smith Poised for Economic Surge with Lockheed Martin’s New Pilot Training Center: Fort Smith, Arkansas is set for substantial economic growth following Lockheed Martin’s decision to open a new foreign pilot training center at Ebbing Air National Guard Base. This state-of-the-art facility, slated to begin operations in September 2024, will train global pilots on F-35 fighter jets and is projected to generate an annual economic impact of $500 million to $1 billion. With an initial investment of $765 million, the project is expected to create over 1,000 jobs and significantly boost the local economy by attracting additional subcontractors and suppliers. The facility’s establishment enhances Fort Smith’s strategic role in defense and aerospace training and is anticipated to drive long-term economic development, making it an attractive opportunity for future investments.

University of Arkansas - Fort Smith (UAFS): The education sector, bolstered by the University of Arkansas - Fort Smith (UAFS), plays a crucial role in sustaining the skilled workforce in the region. UAFS enrolls over 5,500 students and is recognized for its strong programs in manufacturing, art and design, health services, and computer and data science.

Adjacent to Fort Smith Regional Airport: Less than one mile away, the strategic location of this property is adjacent to Fort Smith Regional Airport. The airport offers daily American Airlines flights connecting Fort Smith directly to Dallas Fort Worth, with seamless access to thousands of domestic and international destinations. Serving the transportation needs of both western Arkansas and eastern Oklahoma, the airport has witnessed a positive traffic trend in early 2024, rebounding with a 7.6% increase in enplanements through April compared to the previous year. This growth trajectory underscores Fort Smith Regional Airport’s critical role in facilitating regional travel and business connectivity.

Premier Hilton Extended Stay Accommodations: Home2 Suites by Hilton and Homewood Suites are both prominent in Hilton’s extended-stay offerings, catering to travelers seeking comfort, flexibility, and affordability for stays typically exceeding seven days. Both brands offer complemented by amenities like complimentary breakfast, fitness centers, and pet-friendly policies, appealing to long-term guests coupled with Hilton’s renowned hospitality and rewards program. Home2 Suites by Hilton showcases customizable upper midscale extended-stay accommodations with in-suite kitchens, and Homewood Suites by Hilton offers upscale extended-stay accommodations featuring spacious suites with full kitchens.

Exceptional RevPAR Performance: In the trailing twelve months ending in June 2024, Home2 Suites and Homewood Suites achieved impressive RevPAR penetrations of 144 percent and 156 percent, respectively. These figures build on their strong four-year average penetrations of 138 percent and 146 percent. A potential investor could benefit from this exceptional performance and market positioning, ensuring strong operational results and ultimately promising elevated returns on investment.

Strong Revenue and Impressive EBITDA Margins: In the trailing twelve months of June 2024, Home2 Suites and Homewood Suites each generated over $3.8 million in total revenue, resulting in $1.1 million and $1.3 million in EBITDA less reserves respectively.