{"id":138502156,"date":"2012-09-14T00:00:00","date_gmt":"2012-09-14T04:00:00","guid":{"rendered":"https:\/\/acccapital.com\/northwest-arkansas-hotel-reopens-as-chancellor-hotel\/"},"modified":"2026-04-02T13:07:51","modified_gmt":"2026-04-02T17:07:51","slug":"northwest-arkansas-hotel-reopens-as-chancellor-hotel","status":"publish","type":"post","link":"https:\/\/acccapital.com\/hi\/northwest-arkansas-hotel-reopens-as-chancellor-hotel\/","title":{"rendered":"Northwest Arkansas Hotel Reopens as Chancellor Hotel"},"content":{"rendered":"<p>Heartland is proud to announce the grand opening of the Chancellor Hotel in downtown Fayetteville, Arkansas. The ribbon cutting was held on Friday, September 14. <a title=\"Chancellor Hotel Press Release\" href=\"\/wp-content\/uploads\/2013\/02\/Chancellor-Hotel.pdf\" target=\"_blank\" rel=\"noopener\">Read our press release to learn more<\/a>. \u00a0If you would like to see photos of the newly-renovated hotel, the <a title=\"Fayetteville Flyer Chancellor Hotel Photos\" href=\"http:\/\/www.fayettevilleflyer.com\/2012\/09\/14\/take-a-peek-inside-the-chancellor-hotel-in-downtown-fayetteville\/\" target=\"_blank\" rel=\"noopener\">Fayeteville Flyer <\/a>has a great gallery from the ribbon cutting. The Chancellor was also featured on <a title=\"Arkansas Business Chancellor Hotel\" href=\"http:\/\/www.arkansasbusiness.com\/article.aspx?aID=132827.54928.144950&amp;view=all&amp;link=perm\" target=\"_blank\" rel=\"noopener\">Arkansas Business\u2019s website<\/a>.<!--more-->  <center><img decoding=\"async\" alt=\"\" src=\"\/wp-content\/uploads\/2013\/02\/chancellorhotel.jpg\" \/><\/center><center><\/center><center><\/center><strong>Heartland\u00a0Renaissance Fund<\/strong>, LLC announced\u00a0the\u00a0newly<span style=\"line-height: 1.714285714; font-size: 1rem;\">&#8211;<\/span><span style=\"line-height: 1.714285714; font-size: 1rem;\">renovated\u00a0<\/span>Chancellor Hotel\u00a0will host its grand opening\u00a0today. This project received an\u00a0allocation of new market tax credits from <strong>Heartland Renaissance Fund<\/strong>.  The hotel first opened as a Hilton in 1981, but it was most recently known as the Cosmopolitan.\u00a0Located\u00a0at 70 N. East Avenue in\u00a0Downtown FayettevilleSquare, the hotel is not far from DicksonStreet, home to restaurants and social venues, and is within walking distance of the University of\u00a0Arkansas campus. The redevelopment\u00a0and complete transformation\u00a0include\u00a0nearly\u00a0200 guest\u00a0rooms and 14,000 square feet of event and meeting space.  <strong>Arkansas\u00a0Capital Corporation\u2019s<\/strong> Chief Executive Officer<span style=\"line-height: 1.714285714; font-size: 1rem;\">,\u00a0<\/span><span style=\"line-height: 1.714285714; font-size: 1rem;\">Sam Walls<\/span><span style=\"line-height: 1.714285714; font-size: 1rem;\">,\u00a0<\/span><span style=\"line-height: 1.714285714; font-size: 1rem;\">states, \u201c<em>The Chancellor Hotel\u00a0<\/em><\/span><em><span style=\"line-height: 1.714285714; font-size: 1rem;\">project represents an excellent example of the economic development benefits which can be\u00a0<\/span><span style=\"line-height: 1.714285714; font-size: 1rem;\">stimulated by the use of new market tax credits. Their intent is to provide an\u00a0<\/span><\/em><span style=\"line-height: 1.714285714; font-size: 1rem;\"><em>incentive for economic\u00a0activity that perhaps otherwise might not occur.<\/em>\u201d Walls continued, \u201c<em>The hotel serves as a symbol of\u00a0pride for the city of Fayetteville and the state of Arkansas. <strong>Heartland Renaissance Fund<\/strong> and the\u00a0Arkansas Capital Corporation Group\u00a0are extremely pleased to be participants in its success.<\/em>\u201d<\/span>  The NMTC Program, established by Congress in December 2000, permits individual and corporate\u00a0taxpayers to receive a credit against federal income taxes for making qualified equity investments\u00a0<span style=\"line-height: 1.714285714; font-size: 1rem;\">in\u00a0investment vehicles known as Community Development Entities (CDEs) such as Heartland\u00a0<\/span>Renaissance Fund. The credit provided to the investor totals 39 percent of the cost of the\u00a0investment and is claimed over a seven-year period. Substantially all of the tax\u00a0payer\u2019s investment must in turn be used by the CDE to make qualified investments. The 70 organizations were selected\u00a0through a competitive application and rigorous review process.<\/p>","protected":false},"excerpt":{"rendered":"<p>Heartland is proud to announce the grand opening of the Chancellor Hotel in downtown Fayetteville, Arkansas. The ribbon cutting was held on Friday, September 14. Read our press release to learn more. \u00a0If you would like to see photos of the newly-renovated hotel, the Fayeteville Flyer has a great gallery from the ribbon cutting. The [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[112],"tags":[],"class_list":["post-138502156","post","type-post","status-publish","format-standard","category-new-markets-tax-credit-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Northwest Arkansas Hotel Reopens as Chancellor Hotel | ACC Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acccapital.com\/hi\/northwest-arkansas-hotel-reopens-as-chancellor-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northwest Arkansas Hotel Reopens as Chancellor Hotel | ACC Capital\" \/>\n<meta property=\"og:description\" content=\"Heartland is proud to announce the grand opening of the Chancellor Hotel in downtown Fayetteville, Arkansas. 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