Downtown Little Rock Residence Inn Marriott Sells for $11.27M

Residence Inn Marriott at 219 River Market Ave. in downtown Little Rock. (Google Maps)

This week’s installment of million-dollar real estate transactions starts with a downtown Little Rock hotel.

► RILR River Market LLC, led by Bhavin Sharolia, paid $11.27 million for the 107-room Residence Inn Marriott at 219 River Market Ave. in downtown Little Rock.

Seller: SREIT RI Little Rock Propco LLC, an affiliate of Starwood Property Trust in Greenwich, Connecticut.

► Pender ABL I OW LLC, an affiliate of Pender Capital in Los Angeles, recovered the 80-unit Normandy Place apartment complex at 7111 Indiana Ave. in a $5.1 million foreclosure sale.

Former owner: TMF Normandy Holdings LLC, an affiliate of Think Multifamily in Frisco, Texas.

► Alpha Holdings LLC, led by Boyce Holmes and Tyler Turchi, sold 54 apartments at 223 N. Taylor St., 5503 B St., 5510 A St., 5516 A St. and 5518 A St. for more than $3.2 million.

Buyer? Lanai Apartments LLC, led by Albert Mendelsohn and Arek Boynerian.

► 8026 Rains Property LLC, an affiliate of Malvern’s Central Arkansas Petroleum Inc., bought the namesake address of the 15,010-SF Seahawk Transport office-warehouse complex in North Little Rock for more than $1.7 million.

Seller? Diamond State Oil LLC, an affiliate of North Little Rock’s Coulson Oil Co.