Wednesday, February 4, 2015

HFF closes sale of DoubleTree by Hilton hotel in downtown Little Rock, AR


DoubleTree by Hilton Downtown Little Rock Hotel, 424 West Markham Street,
 Downtown Little Rock, AR

John Bourret
BOSTON, MA – HFF announced it has closed the sale of the 288-key DoubleTree by Hilton Downtown Little Rock hotel in Little Rock, Arkansas. 

HFF marketed the property on behalf of the seller, a joint venture between Trinity Hotel Investors L.L.C. and BayNorth Capital LLC.  An affiliate of New York-based Fifth Avenue Capital, LLC and the Waterford Hotel Group of Connecticut purchased the offering free and clear of debt. 

                The full-service DoubleTree by Hilton Downtown Little Rock is located at 424 West Markham Street in the northern part of downtown Little Rock and is attached to the Robinson Center Music Hall, Little Rock’s premier performing arts venue, which is undergoing a $68.6 million reconstruction. 

The hotel is within walking distance to the River Market Entertainment District, approximately one mile to both the William J. Clinton Presidential Center and Library and Highway 167, and less than a mile and a half from the Arkansas State Capitol. 

Alan Suzuki
The 14-story hotel has completed more than $10 million in capital expenditures in recent years and features the Plaza Grille and Lounge, a business center, swimming pool, fitness center and 12,000 square feet of meeting space.

                The HFF investment sales team representing the seller was led by managing directors Denny Meikleham and John Bourret and director Alan Suzuki.

“The DoubleTree Little Rock transaction represented a fantastic opportunity for potential buyers to acquire a well-located, DoubleTree-branded hotel, with strong in-place cash flow and tremendous upside potential following the reconstruction of the Robinson Center Music Hall,” Meikleham said.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com


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