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Exterior shot of the Hampton Inn & Suites Pine Bluffs, Arkansas |
PINE BLUFFS, Arkansas—Boerne Texas Investment Associates of Monroe, Michigan, acquired the Hampton Inn & Suites Pine Bluffs, Arkansas, for an estimated US$7 million, according to the Jefferson County, Arkansas, Assessor’s Office.
The hotel has a 2010 market value of US$2,399,950, according to the Assessor’s Office. The building’s market value is listed at US$1,982,050 and the land at US$417,000. Further, the property’s 2010 assessed value is listed at US$479,990. The assessed value of the building is US$396,410 and the land’s assessed value is recorded as US$83,580.
The seller is listed as Pine Bluff Host Lodging LLC, which acquired the property in 2007 for an estimated US$436,000. The deed’s transfer date to Boerne is listed as 2 November 2010.
Telephone listings could not be located for Boerne or Pine Bluff.
The hotel, a Hampton Inn & Suites prototype, has 80 rooms including 24 studio suites, according to Hunter Realty, which was the advisor on the sale. A Hunter representative did not immediately return a call for comment.