Coldwell Banker Commercial Hathaway Group is a full service commercial real estate firm located in Little Rock, Arkansas. It is a 33 year old firm which specializes in providing exemplary professional service to assist its clients in achieving their finaancial objecitives.
Hot Springs, AR
Historic Hotel located in the Famous Bath House Row district of Hot Springs Arkansas. Appraised Value 2011 $ 13 Million Dollars. World class spa featuring Hot Springs water piped into building. Only two hotels have this famous water and The Springs Hotel is one of them. Over size parking with convention services. Restaurant / Bar with seating for over 200. Outdoor pool with outdoor entertainment area for parties.
Owners returning to family in UK and selling this turnkey business in year round resort town. Hot Springs attracts visitors for many activities from spas, weddings, horseracing, crystal mining, hiking, off roading, lake recreation, sports, park activities and conventions. The Hotsprings.org organization works exclusively to bring tourist and business events to town and the opportunity to address these markets is enormous.
The owners will train buyer as needed (including any first time innkeeper) on all aspects of running the inn. Fully trained housekeepers, systems and property management software can be retained to facilitate a smooth transition and allow new innkeepers free time. The inn may also appeal to current bed and breakfast owners looking for some more free time. A full or part time manager could potentially be employed and still allow for owners cashflow, particularly if the direct and online booking channels were optimized.
The Inn is located on scenic highway 7, one mile from historic downtown Hot Springs, the National Park, convention center and bathhouse row. Also convenient for racetrack/casino and Magic Springs theme park. The location brings drive in guests and provides easy 15 minute walk downtown. Highly rated restaraunts are located less than half a mile from the inn.
The inn sits on two plots and consists of a 1905 three story house cottage house and adjacent row of twelve rooms. Main house contains generous owners appartment, two king suites upstairs and basement. Cottage house contains two king rooms and one king suite. There is an outdoor swimming pool and porch in front of the main house which is a big summer attraction.
Listed on on B&B.com, Tripadvisor, Google places, Yelp, Arkansas.com, Hot Springs.org and Lonely Planet Guide. The inn is also a member of the Bed and Breakfast association of Arkansas.
Currently the inn is ranked #1 overall business in Hot Springs on Yelp and #6 on tripadvisor in the bed and breakfast/inns category. These rankings result in good volume of business coming through these sites.
All sales are direct with no sales commission paid. The currently used property management software has a booking engine compatible with GDS online reservation system and bed and breakfast.com online reservations. Significant revenue upside could be got from managing direct and online sales.
Since 2009, all guest rooms have new carpet, beds, a/c, flatscreens, refrigerators and many other furniture upgrades. Upgrades have also been made to electrics and infrastructure. All inventory and fixtures are included except those in the owners appartment.
Hot Springs Area, AR
Near Hot Springs, AR
Close to Hot Springs, AR
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