New hotels hit market.
In late July, two new hotels opened in Bentonville, adding 224 rooms to a 5,801-room market. If things go as planned, 1,142 more hotel rooms could open by the end of 2007.The 121-room Value Place off Phyliss Street offers customers just that--a no-frills utilitarian approach to the extended stay.
Dean Archer, property manager for Value Place, said his hotel only offers weekly rates ($159, or $24 per day) and most customers stay for two weeks or more. With a daily rate that's 50 percent less than area competitors, Value Place has enjoyed an 85 percent to 95 percent occupancy rate so far.
Including hotels that opened as recently as June, there are a total of 12 planned for the area through 2007.
New/Planned Hotels Ranked by number of rooms Property Rooms Total SF 1 Embassy Suites Tower, Rogers 152 NA 2 Doubletree, Bentonville 141 145,508 3 Value Place, Bentonville 121 42,640 4 Holiday Inn, Rogers 120 108,708 5 Hilton Garden Inn, Fayetteville 120 74,838 6 Homewood Suites, Rogers 118 NA 7 Courtyard by Marriot, Fayetteville 113 70,000 8 Country Inn & Suites, Rogers 107 NA 9 La Quinta Inn & Suites, Bentonville 107 60,000 10 Wingate Inn Airport, Bentonville 103 61,463 11 Best Western Castle Rock Suites, 84 NA Bentonville 12 Staybridge Suites, Rogers 80 47,792 Total 1,366 Property Developer Date 1 Embassy Suites Tom, Rogers John Q Hammons 2006 Hotesl LLC 2 Doubletree, Bentonville Mourton.Bhakta 2007 LLC 3 Value Place, Bentonville Whitt Properties June 2005 LLC 4 Holiday Inn, Rogers Narry Krushiker NA 5 Hilton Garden Inn, Fayetteville Area Hospitality 2007 of Fayetteville LLC 6 Homewood Suites, Rogers Raymond 2006 Management Co. 7 Courtyard by Marriot, Fayetteville Fayetteville 2007 Hotel LLC 8 Country Inn & Suites, Rogers Raymond 2006 Management Co. 9 La Quinta Inn & Suites, Bentonville Bentonville Hotel Sept. Developers LLC 2005 10 Wingate Inn Airport, Bentonville Aero Airport July 2005 Hotel LLC 11 Best Western Castle Rock Suites, Mourton/Bhakta 2006 Bentonville LLC 12 Staybridge Suites, Rogers Narry Krushiker NA Total NA: Not available Source: Area planning offices and property developers
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| Title Annotation: | NW Journal: A Look at News From Northwest Arkansas |
|---|---|
| Author: | Bruegge, Laura |
| Publication: | Arkansas Business |
| Date: | Aug 22, 2005 |
| Words: | 355 |
| Previous Article: | Richard Bell named first state agriculture secretary. |
| Next Article: | Jotto Desk sales jump on Web site. |
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