Headlines

Walmart’s Walton Family Backs Boutique Hotel

Museum Hotel to open in retailer's home city

Published

14 years ago

June 8, 2010

VMSD Staff

Walmart Stores Inc.'s founding Walton family will help finance an art-themed hotel in downtown Bentonville, Ark., The Wall Street Journal reports. A Walton family investment arm is partnering with 21c Museum Hotel of Louisville, Ky., to construct a $28 million, 130-room hotel near Bentonville's downtown square that will open by 2012.

The hotel will be modeled after the original 90-room 21c Museum Hotel that it opened in downtown Louisville in 2006. The Bentonville locale, in Walmart’s headquarters city, will be designed to complement the $150 million Crystal Bridges Museum of American Art that’s being built nearby, the Journal reports. That museum is financed mostly by Wal-Mart heiress Alice Walton.

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