Slatt Capital has arranged acquisition financing for the Home2 Suites hospitality property in Fort Smith, Arkansas, securing a $9.49 million loan to support the purchase of the 90-room hotel. The branded asset, located at 7400 Phoenix Avenue, was originally built in 2016 and is described as a well-located, stabilized property within the Fort Smith lodging market.
The financing package was structured with a three-year loan term and a 25-year amortization schedule, providing the buyer with an 18-month interest-only period at the front end of the term. According to Slatt Capital, the loan proceeds were used to facilitate the buyer’s acquisition of the property, aligning the financing structure with the asset’s performance profile and sponsorship strength.
Neil Holliday of Slatt Capital led the transaction, overseeing the debt placement on behalf of the buyer, while Bret Piekaar served as the transaction analyst. The loan was secured through Chambers Bank, which provided the acquisition financing for the hotel. Slatt Capital reported that the lender’s comfort with the deal was supported by the property’s operational track record, its national brand affiliation, and the characteristics of the Fort Smith hospitality market.
Holliday noted that Home2 Suites is viewed as a strong, stabilized performer in its local market, and that the team sought to structure financing that reflected both the quality of the collateral and the capabilities of the sponsorship. The combination of a branded flag, established operating history, and location were cited as key underwriting considerations in obtaining the loan approval.
The hotel benefits from its positioning along Phoenix Avenue, offering convenient access to several demand drivers in the area. The property is situated near Fort Smith Airport and Mercy Hospital, as well as local attractions including Parrot Island Water Park and the Fort Smith Regional Art Museum. These nearby amenities and institutions contribute to the property’s appeal within the regional hospitality landscape and supported the lender’s view of the asset’s ongoing demand potential.
