Little Rock Recommends Estoppel Agreement for Hotel Lease

Little Rock is recommending approval of a Lessor Estoppel and Agreement for FAC-W Markham, LLC’s refinancing of its DoubleTree Hotel leasehold interest. The underlying ground lease runs through September 30, 2044, with three 25-year extension options, and supports financing of approximately $30.5 million.

Document date · September 29, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Approximately $30,500,000 principal leasehold mortgage loan

Contract type

FACILITIES

Contract term

Underlying lease term: November 2, 1994 – September 30, 2044, with three consecutive 25-year extension options

Renewal date

2044-09-30

Renewal

Underlying lease was amended four times and includes three consecutive 25-year extension options after the September 30, 2044 expiration date.

Document type

StaffReport

Source document

Little Rock StaffReport Lessor Estoppel and Agreement for DoubleTree Hotel Refinancing 2026-09-29

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City of Little Rock Resolution Lessor Estoppel and Agreement 424 West Markham Street 2026-09-29

APPROVED

City of Little Rock, ArkansasSep 29, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Little Rock?

Fac-w Markham Llc was awarded this facilities contract by City of Little Rock, as recorded on September 29, 2026. The contract value is Approximately $30,500,000 principal leasehold mortgage loan.

How much is the Fac-w Markham Llc contract with City of Little Rock worth?

The Fac-w Markham Llc contract with City of Little Rock is valued at Approximately $30,500,000 principal leasehold mortgage loan, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in Little Rock StaffReport Lessor Estoppel and Agreement for DoubleTree Hotel Refinancing 2026-09-29 (StaffReport), dated September 29, 2026 from City of Little Rock. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fac-w Markham Llc hold?

Fac-w Markham Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Fac-w Markham Llc's profile

What is City of Little Rock currently buying?

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