Commercial Property for Sale in Little Rock Arkansas 72201

617 S Broadway St, Little Rock Arkansas, 72201

Listing ID: CL-Arkansas-27179 Commercial Inn Lodging and Hospitality
Published on: Tuesday, December 23, 2025 | Updated on: Tuesday, December 23, 2025

Listing Summary

The La Quinta Inn & Suites Downtown Little Rock is a 261-room, 11-story, interior corridor hotel located in the heart of Little Rock, Arkansas.

Full Description

 


261-Room Downtown Little Rock Hotel: Major Repositioning Opportunity

This 11-story, interior-corridor hotel, formerly a La Quinta Inn & Suites, is ideally situated in the heart of Downtown Little Rock, Arkansas. This asset presents a significant value-add opportunity for an experienced operator to reposition and reintroduce a major brand to the market.

Key Investment Highlights:

  • Size & Scale: Dominant 261-room property in a key downtown location.

  • Ready for Restart: Closed since 2022 due to a plumbing incident, the property has been fully repaired, including the installation of a brand-new fire panel system.

  • Rebranding Potential: Opportunity for a favorable rebrand to a Hyatt, Best Western, or other prominent flag, allowing the new owner to capture market share.

  • Strong Market Data: The competitive set (Upper Midscale, 100-150 rooms) averages 57% occupancy and $106 ADR (RevPAR $60, as of Sep 2025), demonstrating significant potential for high revenues once the asset is updated and fully operational.

  • Prime Location: Located near major highways (I-40, 30, 57) and only six miles from Clinton National Airport. The downtown location benefits from strong business, government, and cultural demand drivers (Clinton Library, River Market District, State Capitol).

Acquiring this large, repaired hotel offers the chance to capture substantial RevPAR in a robust capital city market.


 

Quick Glance

  • Listing ID: CL-Arkansas-27179
  • Status: Active
  • Year Build: 1972
  • Building Size: 254,993 SqFt
  • Lot Size: 1.29 Acre

Property Documents

No documents available.

Complete Details

  • Year Build: 1972
  • Building Size: 254,993 SqFt
  • No of Stories: 11
  • Total Lot Area: 1.29 Acre
  • No of Total Units: 261
  • Heating and Cooling: Heating and Cooling
  • Building Class: Class B

Pricing Details

Additional Features

Features
  • Zoning: UU - Development of traditional urban form with multiple permitted uses.
  • Corridor: Interior
  • Business Center, Fitness Center, Pool, On-Site Retail
  • Parcel Number: 34L-020-06-010-00
  • ROOM MIX INFORMATION:
  • DESCRIPTION: Suite - No. ROOMS: 12 - DAILY RATES: $113.00
  • DESCRIPTION: Guest Room - No. ROOMS: 249 - DAILY RATES: $97.00
Highlights
  • 261 Units
  • 11 Story, Interior Corridor Hotel
  • Priced to Sell at $30,000 Per Key
  • Prime Location in Downtown Little Rock
  • Absentee Ownership, Perfect Opportunity for Focused Owner
  • Currently Closed: 60+ Rooms of the 261 Are Unfurnished. Property Has Been Repaired and Updated with New Sprinkler System Following Plumbing Leaks in 2022
  • 5-Story Parking Garage Located Behind the Hotel is Included
  • Multiple Flags Available for Conversion including Hyatt, Wyndham Brands including La Quinta, Choice brands including Clarion Pointe, Best Western, and Others
  • 5,500 (+/-) Sq Ft of Event Space
  • Walking Distance to the Arkansas State Capitol, the River Market, the Arkansas River, the William J. Clinton Presidential Library & Museum, and a Few Miles from Clinton National Airport (LIT) and the Statehouse Convention Center
  • Direct Access to Interstate 30 and Several Other Interstates
  • Offers Encouraged

Listing Location

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