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Chet Patel

Banking & Finance / Construction / Health Care / Real Estate / Restaurants & Food

NLR Premier Health Surpasses $6.2M (Real Deals)Lock Icon

The buyer is Richards Road Realty LLC, an affiliate of The Wellstone Group of Lakewood, New Jersey. read more >
Government & Politics / Retail

Judge Bars State From Issuing More Dispensary Licenses

Pulaski County Judge Wendell Griffen temporarily bars the state Medical Marijuana Commission from issuing dispensary licenses as part of a lawsuit over the state's process of selecting replacement dispensaries when the original licensees fail to open. read more >
Chet Patel and Roshan Patel each own 22.5% of the new Pine Bluff dispensary.
Health Care / Investments / Legal / Retail / Small Business

Lawsuit Challenges State on Dispensary Licensing

A company rejected for an Arkansas medical marijuana dispensary license is suing to clear the air over the state’s process of selecting replacement retail outlets when the original licensees fail to open for business. read more >
Baymont Suites & Inns at 5321 Central Ave. in Hot Springs.
Investments / Legal / Tourism

Pinnacle Hotel Group Sues Over Spa City Suites SaleLock Icon

A would-be $3.6 million hotel sale in Hot Springs has given rise to a breach of contract lawsuit. read more >
Col. Glenn Business Center at 10303 Col. Glenn Road in Little Rock
Investments / Retail / Tourism

Col. Glenn Business Center, Noelle Nikpour Highlight Recent DealsLock Icon

Col. Glenn Business Center, a super convenience store in west Little Rock, a political strategist's Edgehill properties, the future home of a Conway hotel and a Little Rock manor make up the latest million-dollar real estate transactions. read more >
Meadowcrest Apartments in southwest Little Rock
Construction / Health Care / Manufacturing / Real Estate / Restaurants & Food / Retail

Meadowcrest Apartments Sold; Chinese Garment Affiliate Buys Fourche Dam Property

Apartments, an industrial project and a store in Little Rock along with a dental development in Bryant and a closed restaurant in Conway all topped the $1 million sales mark. read more >
Tommy Hodges (L) and Isaac Smith represent two generations of development at Little Rock’s Gateway Town Center with its growing entertainment draws.
Business Services / Construction / Media & Marketing / Real Estate / Restaurants & Food / Retail / Tourism

Gateway Town Center Goes Westward

Commercial projects topping $21 million are beginning to come out of the ground at Little Rock’s Gateway Town Center. read more >
North Point Ford at 4400 Landers Road in North Little Rock.
Banking & Finance / Construction / Investments / Real Estate / Retail / Tourism

Auto Dealership Buys Surpass $41 Million (Real Deals)

Affiliates of Little Rock’s McLarty Auto Group bought four auto properties from affiliates of Asbury Automotive Group of Duluth, Georgia. read more >
At the Hilton Garden Inn site are Chet Patel, Pinnacle Hotel Group president; Shawn Govind, director of development; Roshan Patel, development coordinator; Rocky Govind, director of construction and asset management; and Nayan Nagin, director of purchasing and procurement.
Banking & Finance / Business Services / Construction / Legal / Real Estate / Restaurants & Food / Retail / Tourism / Transportation

Downtown Little Rock Attracts More Hoteliers

Downtown Little Rock has drawn the attention of three hotel developers who have invested more than $7.3 million to secure locations. read more >
Chet Patel, president of Pinnacle Hotel Group, plans to refit the Fairfield Inn at 720 E. Millsap Road in Fayetteville into a La Quinta Inn & Suites by May 1. | (Photo of Patel by Jason Burt)
Business Services / Construction / Real Estate / Tourism

New Ownership Visits Two Fayetteville Hotels (NWA Real Deals)

Northwest Arkansas Hospitality & Lodging LLC, a subsidiary of Pinnacle Hotel Group of Little Rock, bought the Fairfield Inn at 720 E. Millsap Road for slightly more than $1.6 million. Pinnacle is the third-party management team for the Sleep Inn, which is located next to the Fairfield Inn at 728 Millsap Road. read more >
Chet Patel, president of Pinnacle Hotel Group, right, and Shawn Govind, director of development.
Construction / Investments / Real Estate / Retail / Tourism

Pinnacle Group Bringing Hilton Garden to Downtown Little Rock

Another hotel-minded venture intends to make its mark on the downtown Little Rock skyline. Pinnacle Hotel Group will develop a 135-room Hilton Garden Inn at the northeast corner of Fourth and Cumberland streets. read more >