There are several hotels in the area, as seen on this Live Map
The Conway Chamber of Commerce has helped us with a host hotel. Be sure you mention that you are with the Python Users Group conference:
Microtel Inn & Suites
[http://www.microtelinn.com/reservations/index.asp]
2475 Sanders Street
Conway, AR 72032
Phone: 501.327.0898
The rates:
Suite for $89.99
Double for $69.99
Single for $69.99