Historic Majestic Hotel in Hot Springs Is Sold to Nonprofit The ARC Arkansas

by John Henry  on Wednesday, Nov. 22, 2006 12:19 pm  

The Majestic Hotel Resort & Spa, a Hot Springs historic landmark, has been sold to The ARC Arkansas, a nonprofit organization that supports people with disabilities and their families.
The ARC plans to restore and rehabilitate the Majestic complex into multiple-use facilities including residential and commercial developments.
The option to purchase the Majestic Hotel is anticipated to close in the first quarter of 2007, said Monty Scott, president of Southwest Hotels Inc. of Little Rock, in making the announcement of the sale. Privately owned Southwest Hotels also owns the Arlington Resort Hotel & Spa and the Hot Springs Country Club.
The 124-year-old Majestic has long-anchored the intersection of Park and Central Avenues in historic downtown Hot Springs and was one of the South's most famous spa hotels. The hotel complex sits on more than five acres.
"It's important that the Majestic Hotel is part of the revitalization of downtown Hot Springs," Scott said. "The ARC is renowned for renovating historic structures and we are confident that they will preserve the integrity of the buildings as they undergo transformation. We are excited the ARC will restore this Hot Springs landmark. They envision a multi-million-dollar investment of residential and commercial development contributing to historic downtown Hot Springs."
The ARC Arkansas is known in Hot Springs for its remodeling the historic Hot Springs High School into 32 loft-style apartments and the adjoining auditorium into a public use facility.
Arkansas Business previously reported that Arc was a likely candidate to buy the hotel.

 

 

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