For a recap of last week's top stories, check out MeetingNews Minute:
The famed "Peabody Ducks" that parade every day across the grounds of the Peabody Little Rock
will soon march off the property altogether, according to local newspaper the Arkansas Democrat-Gazette
, which reported last week that the hotel will soon become a Marriott.
The conversion is the work of the Little Rock Advertising and Promotion Commission, which has approved a letter of intent to lease the hotel to Memphis-based Fairwood Capital LLC, which plans approximately $16 million in renovations for the 414-room property.
According to the Democrat-Gazette
, attorneys for the Little Rock Advertising and Promotion Commission said they hope the lease will be signed in January. Meanwhile, hotel staff told the paper the transition to a Marriott would be complete sometime in early 2013.
The Peabody Little Rock opened in 2002 and is one of three Peabody hotels owned by the Belz family of Memphis
. The hotel's sister properties in Memphis and Orlando
will not be affected by the Arkansas deal.