HOTEL HOT SPRINGS OFFICIALLY SOLD

by AMP Staff June 16, 2023

The Hotel Hot Springs, located at 305 Malvern Ave., has been sold for an undisclosed amount. The property was co-listed by Gary Smith and Hank Kelley of Kelley Commercial Partners and Chris Mahoney of Keen-Summit Capital Partners LLC of New York who handled the transaction.

Arkansas Money & Politics previously reported in March that the hotel was officially under contract.

“We are thrilled to announce the sale of the Hotel Hot Springs,” said Gary Smith. “This property has a long-standing reputation as one of the premier hotels in the region, and we are confident that the new owners will continue to build upon its success.”

The 14-story hotel features 200 rooms and 7,000 square feet of meeting and event space. It was built in 1986 on 1.44 acres and underwent an $8 million renovation in 2016. The hotel offers a range of amenities, including The Inside Track Grill & Sports Lounge, a business center, fitness center, pool and two-story parking deck. The hotel is also connected to the Hot Springs Convention Center/Bank OZK Arena and within walking distance of Hot Springs National Park and hiking trails. The sale of Hotel Hot Springs represents a significant investment in the Hot Springs area and is expected to have a positive impact on the local economy.

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