Hotel Hot Springs

Hot Springs, AR 71901, US
Real Estate
hotelhotsprings.org

The Hotel Hot Springs is a full service hotel with restaurant, bar and meeting facilities located in downtown Hot Springs, Arkansas adjacent to the Hot Springs Convention Center and the Bank OZK Arena..

The Hotel Hot Springs is a full service hotel located in downtown Hot Springs, Arkansas. It is a fourteen story, 200 room, interior corridor property that was built in 1986 as a Hilton Hotel. After a successful run from 1996 to 2015 as the independent Austin Hotel, it underwent an extensive renovation at a total cost of $101,000/key. It is directly attached to the Hot Springs Convention Center and the Bank OZK Arena. The hotel has a full service restaurant and bar as well as seven thousand square feet of meeting space. It is one of only two hotels in Hot Springs that has water piped in directly from the actual hot springs.

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Summary

Prior Year Revenue Current Year Revenue Next Year Revenue
Company Age Employees Sub-Industry
4 years, 2 months 4 Property Investment & Management

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Chief Executive Officer
Keith Holland

Keith HollandMr. Holland has invested in commercial real estate for 31 years. Growing up in his father's construction business he started as a laborer then moved into carpentry, ironwork, heavy machinery operator, estimator, facilitator and job superintendent. Although intending to pursue this avenue full time after college, the 21% interest rates at that time had stalled construction. In the interim, he shifted his focus to help an associate that owned an ad agency who was needing a means to target market segments. This resulted in establishing a company to provide concept-to-delivery of direct marketing. His concurrent commercial real estate investments included acquiring distressed properties consisting of office, industrial, retail, multi-family, hospitality and land. He also opened a restaurant and bar in one of his retail centers. With a background in construction, finance, real estate and food & beverage, he is well positioned to implement his value-add strategies to this project.

Funding

79%

Funding Goal$7,000,000

Funding Raised So Far$5,500,000

Funding Commitments$0

Funding Remaining$1,500,000

Funding TypeEquity

Pre-Money Valuation

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Interest / Dividend

Previous Funding

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