Pinnacle Group Bringing Hilton Garden to Downtown Little Rock

by George Waldon  on Monday, Dec. 2, 2013 12:00 am  

Another hotel-minded venture intends to make its mark on the downtown Little Rock skyline. Pinnacle Hotel Group will develop a 135-room Hilton Garden Inn at the northeast corner of Fourth and Cumberland streets.

Construction of the seven-story project is expected to start in a year, with a planned opening to follow in March 2016. The $16 million development represents PHG’s most ambitious endeavor to date.

The hotel will employ 50 and house nearly 4,000 SF of meeting space and a full-service restaurant and bar named The Garden. The Hilton Garden Inn leads a $43 million quartet of projects the Little Rock hotelier will start rolling out around the state during the next 15 months.

Construction of a Courtyard Marriott is starting this month in Hot Springs. The 98-room project should be open by January 2015. Construction of a 97-room Holiday Inn & Suites in Russellville and an 85-room Holiday Inn Express in Bryant is slated to begin in spring. Both projects should be operational by winter 2014.

“We’ve got our pipeline mapped out for the next 60 months,” said Chet Patel, president of Pinnacle Hotel Group.

During the five-year window, the company expects to see its portfolio grow to at least 10 hotels. That will be accompanied by an increased staffing head count from 85 to more than 200.

By mid-December, PHG is scheduled to begin a $2.1 million land assembly process for the Hilton Garden Inn development along the north side of East Fourth Street between Cumberland and Rock streets.

The parking lot on the west half of the property represents the hotel site.

The east half is currently home to Rock Street Shops at 310-324 Rock St. Pinnacle Hotel Group will relocate its offices to the 8,322-SF project in January.

Once the Hilton Garden Inn is completed next door, the company will move to new quarters there.

Rock Street Shops will be demolished and converted to an 86-slot parking lot to support the hotel.

“I think it’s pretty exciting,” Montine McNulty, executive director of the Arkansas Hospitality Association, said of PHG’s downtown project. “Of course, it means increased competition.”

 

 

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