hotel development

Why it matters: The project revives a prominent 2.8-acre property and adds a boutique option as Northwest Arkansas' hotel supply expands. * The concept bets that travelers want something between a standard hotel and a short-term rental with bigger rooms, communal outdoor space and a unique local feel. State of play: Real estate investment company Dwellist, led by Charlie Mackey and Polly Watts, is turning the former budget bunkhouse into an 85-room boutique motor lodge. * The company bought the property in 2024 for $4.25 million. * The hotel will keep exterior room entrances but add new fi