Delta Resort & Conference Center
Hotel Hot Springs Faces Foreclosure Sale
The 200-room Hotel Hot Springs & Spa will be sold at a foreclosure sale to help pay a $128.9 million judgment its owner received in June. read more >
by Mark Friedman -
Details in Delta Resort Bankruptcy Show $171.1M in Debts
Gary Russell Gibbs of Niceville, Florida, lists his complete financial details in U.S. Bankruptcy Court in Hot Springs showing total debts at $171.1 million. That makes his personal bankruptcy one of the largest filed in Arkansas. read more >
Files Offer Look Inside $120M Delta Resort Bankruptcy
In December, creditors forced Gary R. Gibbs, the developer of the Delta Resort & Spa in Desha County and the Hotel Hot Springs & Spa, into bankruptcy for defaulting on $119.4 million in loans. It's familiar territory for Gibbs, who recovered from a 2005 bankruptcy only to fall back into financial distress after the New Orleans bank that made his loans failed. read more >
by Mark Friedman -
Developer, Sons Building $32M Sportsman’s Dream in Delta
About a mile down a mud-rutted road off Arkansas Highway 1 in Desha County rests what’s envisioned as a $32 million sportsman’s dream: Delta Resort & Conference Center near Tillar. read more >
by Jan Cottingham -