Discover a boutique luxury Inn with a resort lifestyle atmosphere nestled in the mountains with stunning lakeside views! The craftsman style Arkansas lakefront boutique inn for sale features 13 exquisite guest rooms and suites with a very solid business and cash flow. Guests come to enjoy the serene lakeside setting and moderate temperatures, immaculate landscaped gardens and water features that mirror the beauty and serenity of the lakeside backdrop. A strong Hot Springs destination location and a robust business with a bright future await new owners!
Recently chosen as one of the ‘Top 25 Small Hotels in the US’ by Trip Advisor!
The Arts and Crafts boutique inn was built in 2003 with the guest luxury lifestyle experience in mind with every step of its creation. All twelve guest rooms and suites in the main building have lake views. Many luxury features include patios or balconies, fireplaces, whirlpool tubs, flat screen TV’s, luxury linens and bath amenities. The décor features a mix of traditional and contemporary furnishings with colorful accents and artwork. Rich wood floors are accented by touches of the craftsman era and are continued throughout this Arkansas Lakefront Boutique Inn for sale.
A spacious thirteenth unit is only a short walk from the main building in a condominium facility that is rented on more of a multi-night stay basis. With two bedrooms, open concept living room – dining room – kitchen and a huge porch overlooking the lake, this condo is a popular accommodation.
Guests enter the inn through the double doors and are welcomed in a two story foyer with a wide impressive stairway. The living room features plush couches and fine art with a library of books and games. A well-stocked gift shop, lounge, and sunny dining room complete the guest’s comfortable gathering areas with a resort feel.
The landscaped grounds are a signature highlight of this Arkansas lakefront boutique inn for sale including stonework, water features, winding paths spotted with birdhouses, a meditation labyrinth and waterfront trail. Guests may wander for hours or pause and relax in a hammock, rocker or canoe. The Arkansas Lakefront Boutique Inn also offers one boat dock with two slips for guests’ use.
The inn is an unforgettable and popular destination for meetings, weddings and other special events. The moderate year round temperatures are perfect for destination weddings. Average highs are in the 70’s and lows in the 50’s, with an average of 251 sunny days per year. This Arkansas Hot Springs mountain and lakeside setting has been an escape getaway for tourism for a century and a half.
Hot Springs is known as “America’s First Resort.” The majority of the guests visit from Dallas/Ft Worth, Arkansas, Louisiana, Oklahoma and Tennessee. The town is very business friendly filled with terrific restaurants, fine art galleries and performing arts festivals. The numerous hot spring baths and spas are an historic draw and have maintained their desirability for centuries. The Oaklawn Race Track hosts the famous Arkansas Derby, which is a seasonal event known nationally and beyond.
On the operational side of the business, the Inn’s commercial grade kitchen is spacious, fully functional, and well maintained and equipped. The front office space is conveniently located where guests arrive and depart. For future innkeepers there is a two bedroom, two bath condo located a mere half mile from the inn, close enough for convenience, far enough away for privacy.
The business at this inn is enviable. Occupancy approaches the mid-70% level utilizing a sophisticated revenue management system developed exclusively for them. Tightly managing occupancy has allowed them to push room rates to levels they have never seen, raising their ADR to over $275. Expenses are being tightly managed, as well, improving the bottom line.
With excellent staff in place, new owners can enjoy a great lifestyle and business while reaping a handsome return on their investment over time. An investor purchaser will also find this an attractive acquisition.
The premier destination of Hot Springs and the strong year-round business of the Inn is an excellent combination and highly desirable for new innkeeper/owners. The moderate climate with mild winters and warm summers is the ideal location for future owners. The property has been built and maintained with love and true pride of ownership. It is now ready for the next chapter.
Lookout Point Lakeside Inn has been SOLD! Peter Scherman, 434-286-4600 and Rick Wolf, 207-967-1995 of The B&B Team, Inn Consultants LLC represented the sellers. Scott and Marilyn Bushnell of The B&B Team / Bushnell & Bushnell represented the buyers.
Arkansas broker of record was Crye-Leike of Arkansas, Inc. Photography by Jumping Rocks.