Maumelle Hampton Inn Hosts $6.3 Million Sale (Real Deals)

by George Waldon  on Monday, Mar. 3, 2014 12:00 am  

New ownership visited the 70-room Hampton Inn at 11920 Maumelle Blvd. (Photo by Jason Burt)

Pinnacle Management Group LLC, led by Peter Biagioni, purchased the 6321 Ranch Drive project. The seller is Simpson & Associates LLC, led by Dewayne Simpson.

The deal is backed with a $792,000 loan from Little Rock’s One Bank & Trust. The 0.63-acre development previously was tied to a December 2011 mortgage of $562,497 held by BancorpSouth Bank of Tupelo, Miss.

The location was acquired for $153,000 in January 2004 from Ranch Properties Inc., led by Ed Willis.

Gator Acquisition

An amusement destination in southwest Little Rock rang up a $290,000 sale.

MHH Properties LLC, led by Marcia H. Hall, bought the Gator Park project at 11411 W. Baseline Road. The seller is National Property Holdings LLC, led by Michael Love and Erick Stock.

The deal is funded with a $1.29 million loan from Delta Trust & Bank of Little Rock.

The 7.2-acre development previously helped secure a June 2011 mortgage of $280,000 held by First Security Bank of Searcy.

National Property Holdings purchased the property more than two years ago as part of a $313,000 deal with BancorpSouth Bank.

PV Residence

A 5,328-SF home in west Little Rock’s Pleasant Valley neighborhood drew a $900,000 transaction.

Greg and Shannon Ardoin acquired the house from One Bank & Trust.

 

 

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