John Calipari, the new head basketball coach at the University of Arkansas, paid $2.2 million for a home in the Clear Creek subdivision in Fayetteville.
Calipari joined the UA in April after 15 seasons at Kentucky, where he won the 2012 NCAA Championship and reached the Final Four four times. He has a five-year deal worth $35 million.
The home, on Jean Lane, is 7,350 SF and overlooks Blessings Golf Course. It has five bedrooms, five-and-a-half bathrooms, an exercise room and an office, as well as other amenities.
The seller was T&B White Family Trust, led by Taylor Robert White and Kathleen Brooks Gallagher White. They acquired the property for $1.23 million in 2023.
It might not be a surprise that Calipari ended up in Clear Creek, the gated community around John Tyson’s golf course. Tyson, chairman of the board at Tyson Foods Inc. of Springdale, is a close friend of Calipari’s and was instrumental in his hiring.
Fayetteville Hotel Land
A seven-story hotel is set to be built on Dickson Street in downtown Fayetteville after a Little Rock hotelier paid $4.5 million for two land properties.
Shash Goyal, the CEO of I Square Management in Little Rock, bought them through his Dickson Depot Hotel LLC. He paid $3 million for a 0.35-acre tract and $1.5 million for an adjacent 0.25-acre tract at the northwest corner of Dickson and North West Avenue.
A Hilton Motto & Tempo hotel with as many as 230 rooms will be built there, according to a news release from the public relations and marketing firm CJRW of Little Rock. Its scheduled completion is late 2026.
The seller of both properties was Greg House, through two subsidiaries. House acquired the properties for $2.244 million in 2023 from the Bank of Fayetteville, which had a branch at the location.
Quality Inn
A Quality Inn hotel in Fayetteville sold for $4.8 million to an Arkansas investor who plans to convert the hotel into an affordable housing project.
Brandon Scallion, through his Countdown LLC, bought the 106-room hotel on Futrall Drive, which is just off Interstate 49 in south Fayetteville.
The Fayetteville City Council has approved zoning changes to allow Scallion, a former banking executive who lives in Jordan, to convert the hotel.
Scallion said he hopes to have the project completed by October.
Anstaff Bank of Green Forest provided a loan of more than $6.5 million.
The seller was Adrois Hospitality LLC, led by Honey Goel, Ravi Pritmani and Santosh Jayai. Adrois acquired the property for $3.1 million in 2021.
Creekside Apartments
The North Creekside Apartments complex in Fayetteville sold for $12.95 million to an Indiana investment group.
HPP Equity of South Bend bought the 196-unit complex on North Leverett Avenue. It totals nearly 26,000 SF.
HPP, led by managing partner Justin Kain, invests in rental properties. It owns properties with 1,250 units, according to its website.
Bancorp Bank of New York City provided a loan of nearly $15 million.
The seller was Phd Investments, led by Robert Dant of Portland, Oregon.
Fayetteville Fast Food
A former fast-food restaurant on MLK Jr. Boulevard in Fayetteville sold for nearly $3.6 million to a California investor.
David L. Cooley, through his 692 North Robertson Boulevard LLC, bought the 2,604-SF property. The site was the location for a Boss Man Tacos.
Eastman Credit Union of Kingsport, Tennessee, provided a loan of $1.48 million.
The seller was GM KB Fayetteville LLC, led by Brian Waxler of Dallas. Waxler leads Green Meadow Capital, which acquired the property for $2.1 million in 2021.
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