LITTLE ROCK, AR— Peabody Hotel Group (PHG), based in Memphis, TN, has acquired 100% ownership of The Peabody Little Rock hotel here from MHI Holdings LLC, which had held a 49% stake in the property. The Peabody Little Rock Hotel opened on January 31, 2002 following a $40 million makeover of what formerly was the Excelsior Hotel. Timothy Gonser, vp/general manager of the hotel, stated, “The remaining renovation projects for the hotel, notably the conference center, Mallards Bar, business center, beauty salon and shops, are nearing completion.” Peabody Hotel Group consists of 11 properties including: The Peabody Memphis, The Peabody Little Rock, The Peabody Orlando, and eight franchise properties.
Previous ArticleHilton Santa Clara Ranks First In Quality
Next Article Miami Boutique Hotel, GMAC At Odds Over Foreclosure