Cushman & Wakefield's Midwest Hospitality Team is pleased to present for sale the Cobblestone Inn & Suites (“Property”), a newly built, full-service hotel consisting of 63 rooms and suites located in Fairfield Bay, Arkansas.
The hotel is strategically located along the northern shore of Greers Ferry Lake. Fairfield Bay was originally constructed in the 1960’s as a master-planned recreational and retirement resort community, the area features two 18-hole championship golf courses, a tennis center, three pools, a miniature golf course, and a full-service marina. Fairfield Bay's vast array of recreation facilities positioned the area as a destination resort for leisure travelers throughout the Arkansas region, spurring significant time share and housing development through the 1990’s. Today, the economy is predominantly fueled by the tourism and recreation industries. The hotel is located proximate to the area’s primary tourism destinations and generators of lodging demand. These demand generators include the Fairfield Bay Conference Center, Indian Hills Golf Club, Mountain Ranch Golf Course, Greers Ferry Lake, Sugar Loaf Mountain, and the Indian Rock Cave.
The Fairfield Bay market area is currently underserved by the hotel and lodging industry; moreover, the Wyndham Resort at Fairfield Bay serves as the only other lodging establishment within the market.
