The Springs Hotel & Spa - Famous Bath House Row
Location Arkansas,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $1050000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1964
Number of Employees 6 - 9
Inventory 25000
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Current management and staff to stay in place with sale. Durgan & Associates Business Development Group available for management, marketing and advertising.
Reason for Sale Owners are in their 70's.
Description Historic World Famous Hotel & Spa. The Springs Hotel & Spa in Hot Springs, Arkansas on the Bath House Row. This spectacularly restored historic hotel features 139 rooms with private balconies, family suites, outdoor pool, health spa, boutique shop, restaurant & lounge, meeting / event areas and very large parking areas, one of the largest parking areas in the hotel district. Located on the world-famous Bath House Row with over 80 shops, bars, restaurants, and attractions all within walking distance. Over-sized parking with covered handicap parking make this hotel perfect for weddings, events, and group meetings. 20% Development Tax Credit available to Buyer. Also funding for improvements and upgrades can be added to Development program. Call Seller for additional information.
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