The Hotel Hot Springs, recently acquired by Little Rock businessman Keith Holland, has announced plans to reopen Coy’s Steakhouse and the Satellite Cafe.
Coy’s Steakhouse, which first opened in 1945, will be reconstructed in a 4,500-SF space adjacent to the hotel at 305 Malvern Ave., the hotel said in a news release. Work is expected to be completed by the first quarter of 2024.
Before the restaurant burned down in 2009, it hosted household names like Bill Clinton, Frank Sinatra, Dean Martin and Phyllis Diller. Coy’s Steakhouse was inducted into the Arkansas Food Hall of Fame in 2022.
The Coy’s revival will offer a more curated menu than before but will include classic Coy’s plates like the TnT (tenderloin and lobster tail), the chateaubriand, stuffed mushrooms and the trademark crackers and seasoning.
The Satellite Cafe, a popular diner that originally opened in the Heights neighborhood of Little Rock, will occupy a 1,200-SF space inside the hotel, according to the release. The original location closed in 2010. The revival at The Hotel Hot Springs is set to open in the fourth quarter of 2023.
The casual diner will offer a weekday breakfast buffet, limited lunch and dinner menu and a weekend brunch featuring items from their original menu, such as tart apple and cottage cheese pancakes and a huevos rancheros and lump crabmeat omelet.
Both projects will be managed by Keet O’Gary Construction of North Little Rock, with interior design by LaHarpe’s of Little Rock and local independent designer Amber Manney.
Holland was tight-lipped about his plans for the 200-room luxury hotel after he was revealed as the buyer in January. He said the hotel had been undermarketed and underutilized, especially given its location in downtown Hot Springs, but declined to discuss what the future might hold under his ownership.
The sale of the 14-story, 134,000-SF hotel came after former owner and Florida real estate developer Gary Gibbs was pushed into Chapter 7 bankruptcy and accused of defrauding creditors.