Bathhouse Row and the hillsides above it
The heart of the inn market is the Historic District anchored by Central Avenue and Bathhouse Row, where Hot Springs National Park runs right down the middle of downtown. That's the draw: guests can walk from a B&B to the bathhouses, restaurants, galleries, and the promenade. Climbing the hillsides just off the avenue — the older residential streets in the Quapaw and Prospect direction, to keep it general — you find the large Victorian and early-1900s homes that make the best conversions, close enough to walk downtown but set into the quiet of the slope.
Proximity is the whole value proposition. An inn a few blocks from Bathhouse Row sells a different stay than one on the outskirts, and buyers pay for that walkability. If you're weighing the surrounding neighborhood, our downtown & historic guide and the broader historic-homes guide map how the district fits together and what living in it is actually like.