818-851-3314
617 S Broadway, Little Rock, AR for Sale
Hospitality - FOR SALE
1/6
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617 S Broadway
Little Rock, AR 72201
Downtown Little Rock


HIGHLIGHTS

  • 261 Units, 11 Story, Interior Corridor Hotel
  • Fantastic Location in Downtown Little Rock
  • Currently Closed: 130 Rooms are Rentable, Property Has Been Repaired from Damage and Updated with New Sprinkler System
  • 5-Story Parking Garage Located Behind the Hotel is Included
  • Multiple Flags Available for Conversion including Hyatt, Wyndham Brands including La Quinta, Best Western, and Others
  • Walking Distance to Downtown Little Rock, Arkansas State Capitol, and the River Market, a few Miles from Clinton National Airport

OVERVIEW

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. The property is just a few miles away from Interstate 40, 30, 57, and only six miles from the Clinton National Airport. The hotel has been closed since 2022 when there was a plumbing leak, with between 60 and 100 rooms empty since then. The hotel has since been fully repaired and the Owner has installed a brand-new fire panel system. The hotel offers a clear value-add opportunity for an experienced operator, with an opportunity for a rebrand to Hyatt, Best Western, or other available brands. Amenities include a breakfast area, business services, fitness center, and pet-friendly accommodations. According to Costar and STR data, eight other competitive upper-midscale hotels with room counts ranging from 100 to 150 units nearby average 57% occupancy and $106 ADR in the Running 12-month period as of September 2025, a RevPAR of $60, showing strong opportunity for high revenues once the rooms are updated to compete at the upper midscale level again. Little Rock, the state capital and largest city in Arkansas, has a 2025 population of 204,647 and serves as the state’s center for business, government, and culture, supporting steady demand for lodging in the downtown market. Nearby attractions include the Little Rock Central High School National Historic Site, William J. Clinton Presidential Library, Pinnacle Mountain State Park, Museum of Discovery, River Market District, Rock Town Distillery, Big Dam Bridge, Arkansas State Capitol, and Riverfront Park.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

261

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn & Suites by Wyndham Downtown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

11

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

UU

APN/PARCEL ID

34L-020-06-010-00

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.