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Purchase Price Please

1 min read

We’ve tracked down some more info on that six-acre land deal on the west side of North Little Rock’s Riverfront Hilton Inn (“Whispers,” Nov. 29).

FF Hotels Inc., led by Frank Fletcher, bought the property for $1.83 million ($7 per SF). The seller was National Banking Corp., the holding company for North Little Rock’s National Bank of Arkansas.

Back in November, Fletcher told us he was looking at a variety of development options for the land including expanding his Riverfront Hilton or building a different franchised hotel and/or restaurant or restaurants.

You might recall that Fletcher earlier thought about developing a 17-story addition to the Riverfront Hilton but adopted a what-and-see stance to tally how much business was generated by the Alltel Arena.

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