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Avid Hotel in Bentonville sold for $11.5 million to local investor

A Bentonville investor paid $11.5 million for the Avid Hotel in Bentonville.

BENTONVILLE, Ark. — Avid Hotel in Bentonville has been sold for $11.5 million, according to Benton County property records.

Bentonville investor Manuj Jain, the president of SC Petroleum LLC, bought the hotel on March 13, 2024.

The hotel sits on 1.6 acres, has 87 rooms, and totals nearly 40,000 square feet on Medlin Lane.

The sellers were Continental Capital LLC and DM Hotels LLC, records say.

In 2018, Continental Capital bought the property for $88,000.

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