(A correction has been made to this article. See end for details.)
An assisted living facility in Maumelle, two North Little Rock motels and the site of a future extreme aerial sports facility in west Little Rock provide this week’s quartet of multimillion-dollar transactions.
• An affiliate of Cornerstone Healthcare Group of Dallas bought the 60-unit Stonehaven Assisted Living project at 101 Olympia Drive for more than $7.1 million.
Seller: Stonehaven Assisted Living LLC, led by James Thomas.
• Shree Jala Bapa Associates Inc., led by Jitendra Patel, sold the 70-room Comfort Inn at 3915 McCain Park Drive for $3.9 million.
Buyer?
Andy & Andrew Hotel Investment LLC, led by Ashok Desai.
• CT BTS LLC, an affiliate of The McLain Group in Fort Smith, purchased 5 acres at the southeast corner of Col. Glenn and Talley roads to develop the 3rd Realm project for CircusTrix. Spring 2017 is the planned opening.
The sellers in the nearly $1.9 million deal are Virginia Fleming Unser and Ginger Owens.
• Parkway Motel Inc., led by Kantilal Patel, sold the 53-room America’s Best Value Inn at 14325 Frontier Drive for nearly $1.5 million.
Buyer? Shanti Sai LLC, led by Harshadbhai Patel.
(Correction, Jan. 16, 2017: Stonehaven is an assisted living facility. It was incorrectly described as a nursing home in the orginal article.)