New Owner Checks In at Hotel Hot Springs
The sale comes after Florida real estate developer Gary Gibbs, who had an ownership stake in the 7,000-SF hotel, was pushed into Chapter 7 bankruptcy and charged with defrauding creditors. read more >
The sale comes after Florida real estate developer Gary Gibbs, who had an ownership stake in the 7,000-SF hotel, was pushed into Chapter 7 bankruptcy and charged with defrauding creditors. read more >
The troubled real estate developer Gary R. Gibbs recently agreed to settle a case with a creditor in his bankruptcy for $80 million. read more >
The 200-room Hotel Hot Springs & Spa is now in the hands of its creditor after foreclosure auction at the Garland County Courthouse. read more >
The developer of the Hotel Hot Springs & Spa has been accused of improperly transferring millions of dollars to his wife or into a trust before filing bankruptcy to avoid paying creditors. read more >
The public auction will be held in the foyer of the Garland County Courthouse in Hot Springs, with the proceeds from the sale helping to pay a $128.9 million judgment handed down against the hotel’s owner back in June. read more >
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 >
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 >
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 >
The fire that destroyed the historic Majestic Hotel in Hot Springs three years ago helped prompt a wave of development in the downtown district. read more >
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 >
