by Lance Turner
Posted 6/6/2013 01:39 pm
Updated 10 months ago
McKibbon Hotel Group Inc. of Gainesville, Ga., will mark the opening of its third hotel in Little Rock, the Residence Inn by Marriott Little Rock Downtown, on Friday.
The hotel will hold its first "associate celebration" at 1:15 p.m. Friday. It will welcome its first guests that afternoon.
McKibbon announced plans for the 107-suite hotel in February 2012. The hotel, at 219 River Market Ave., has studio and one and two-bedroom suites; a pool; a fitness center; and about 700 SF of meeting space.
McKibbon said one of its veteran general managers, Michael Hickerson, will lead be general manager of the Residence Inn and another McKibbon hotel, the nearby Courtyard by Marriott Little Rock Downtown, at 521 President Clinton Ave.
The Residence Inn employs 23 people.
Third-Commerce LLC, an affiliate of McKibbon, bought the half-acre site for the Residence Inn at the northeast corner of Third and River Market Avenue for $1.3 million in September 2009. The seller was Arkansas Democrat-Gazette Inc., led by Walter Hussman Jr.
The Courtyard at Marriott space in the First Security Center was purchased for $9 million. The Hampton Inn & Suites represented a $13 million development.
This is the second hotel that McKibbon has opened in 2013.