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La Quinta Inn & Suites by Wyndham Downtown 617 S Broadway 261 Room Hotel Little Rock, AR 72201 $8,000,000 ($30,651/Room)
INVESTMENT HIGHLIGHTS
- 261 Units, 11 Story, Interior Corridor Hotel
- Currently Closed: 60+ Rooms of the 261 Are Unfurnished. Property Has Been Repaired and Updated with New Sprinkler System Following 2022 Plumbing Leaks
- Multiple Flags Available for Conversion - Hyatt, Wyndham Brands including La Quinta, Choice brands including Clarion Pointe, Best Western, and Others
- Priced to Sell at $30,000 Per Key, Fantastic Location in Downtown Little Rock
- 5-Story Parking Garage Located Behind the Hotel is Included
- Walking Distance to Downtown Little Rock, Arkansas State Capitol, and the River Market, a few Miles from Clinton National Airport
EXECUTIVE 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. 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.
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.
PROPERTY FACTS
| Price | $8,000,000 | Lot Size | 1.29 AC |
| Price Per Room | $30,651 | Building Size | 254,993 SF |
| Sale Type | Investment | No. Rooms | 261 |
| Property Type | Hospitality | No. Stories | 11 |
| Property Subtype | Hotel | Year Built | 1972 |
| Building Class | B | Corridor | Interior |
| Zoning | UU - Development of traditional urban form with multiple permitted uses. | ||
| Price | $8,000,000 |
| Price Per Room | $30,651 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.29 AC |
| Building Size | 254,993 SF |
| No. Rooms | 261 |
| No. Stories | 11 |
| Year Built | 1972 |
| Corridor | Interior |
| Zoning | UU - Development of traditional urban form with multiple permitted uses. |
AMENITIES
- Business Center
- Fitness Center
- Pool
- On-Site Retail
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 12 | $113.00 | - |
| Guest Room | 249 | $97.00 | - |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 34L-020-06-010-00 | Improvements Assessment | $782,648 |
| Land Assessment | $337,152 | Total Assessment | $1,119,800 |
PROPERTY TAXES
Parcel Number
34L-020-06-010-00
Land Assessment
$337,152
Improvements Assessment
$782,648
Total Assessment
$1,119,800
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La Quinta Inn & Suites by Wyndham Downtown | 617 S Broadway
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