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A 244-room hotel in west Little Rock tipped the scales at $13.5 million.
Crowne Plaza Little Rock LLC, led by Wally Allen, sold its namesake hotel at 201 S. Shackleford Road. The buyer is WLR Hotel LLC, led by Shashwat Goyal.
The deal is backed with a four-year loan of $10.2 million from Southern Bank of Poplar Bluff, Missouri.
The 4.22-acre development previously was linked with a December 2012 mortgage of $15 million held by Centennial Bank of Conway.
The location was bought for $2.2 million in January 1985 from Emporia Hotels Inc., led by Don Dreiske.
NLR Retail
A 6,000-SF retail building in North Little Rock weighed in at $2.57 million.
Vic and Victoria Alberti of Clovis, California, acquired the 11951 Maumelle Blvd. project, home to Mattress Firm and Verizon.
The seller is CGP Maumelle MF LLC of Birmingham, Alabama.
The deal is funded with a 25-year loan of $1.57 million from First Symetra National Life Insurance Co. of Seattle.
The 1.03-acre development previously was tied to a $2.1 million mortgage held by Sterling Bank of Poplar Bluff, Missouri.
The site was purchased for $745,000 in December 2015 from Simmons First National Bank of Pine Bluff.
Templars Transaction
A historic 10,041-SF building in downtown Little Rock rang up a $950,000...