To fill in a blank from a deal we told you about two weeks ago: $3.2 million.
That’s how much hotel developers paid for their pieces of downtown Little Rock’s historic 10-story Lafayette Building at 523 Louisiana St.
Those pieces are divided into two transactions:
- Future hotel space on floors 1-5 plus the basement and mezzanine along with a 12,000-SF parking lot on the west side of Louisiana Street, $2 million.
- Eight condos on floors 6-8, $1.2 million.
Two limited liability companies affiliated with Little Rock’s G&G Hospitality Group bought all this from Lafayette Building LLC, led by Chad Gallagher.