Hotel Hot Springs Developer Settles $80M Judgment
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 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 Hot Springs hotel market has been steaming along for the last few years, and the city’s convention and visitors bureau, Visit Hot Springs, expects that to continue as newcomers are drawn in by a revitalized downtown and thriving tourist attractions. read more >
