Batesville, AR – HotelBrokerOne recently sold of a portfolio of two hotels located in Batesville, Arkansas. The sale included the 65 room Holiday Inn Express and the 123 room Ramada Inn.
The two hotels will retain the same franchise status, while undergoing significant improvements to both of the properties. The Holiday Inn Express is expected to have a million dollars’ worth of renovation.
“The Express was relicensed under the condition of meeting Holiday Inn Express’ new Formula Blue standards, which will continue to make it the premiere hotel in Batesville, and one of the nicest in Northeast Arkansas after renovation”, said Vice President Ted Holmes of HotelBrokerOne.
The sale represents 2 of the 5 hotels located in the Batesville market, and should bring travelers upgraded accommodations at both properties.
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