Subscribe Register Login

Wednesday, April 16, 2014, 5:14 p.m.
Top Picks - Capture Arkansas

Work in progress on Majestic Hotel in Hot Springs

By The Associated Press

This article was published September 23, 2011 at 7:45 a.m.

— The developer working to turn the Majestic Hotel in downtown Hot Springs into condominium units says a new investor is on board and work should start in the spring.

Cynthia Stone of The Arc Arkansas firm told the Sentinel-Record on Wednesday that the sour economy and lack of availability of funds contributed to stalling the project.

The Majestic operated for 124 years before closing in 2006. It is owned by Southwest Hotels Inc., which also owns the Arlington Hotel.

Plans call for converting the hotel into about 150 condos, with retail storefronts on the ground floor.

Stone says the new investor will be named publicly next month.

Comments on: Work in progress on Majestic Hotel in Hot Springs

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 2 of 2 total comments

fjm347 says... September 23, 2011 at 9:01 a.m.

I am without a doubt happy to hear the news. Rejuvination to the downtown district is needed to keep up with the times. A great hotel once again being used for the good. Im happy they didnt demolish it as it is a fine building

( | suggest removal )

darts1_yahoo.com says... September 23, 2011 at 10:57 a.m.

The building is a mold infested dump which would be better demolished in anticipation of a really nice new building, but I am sure a lot of people think it better to try and preserve the past. We will see if this is for real or just the continual scam for federal restoration money and tax shelter by the owners.

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Inventory control clerk m-.f 8-5

    . Must have some exp. Apply at 1001 Pike Ave NLR. No phone ...
    NORTH LITTLE ROCK, AR

  • Coach/teacher

    The Highland School District for an Assistant Girls Basketba...
    HARDY, AR

  • Teacher/coach

    hampton school district is accepting applications for for th...
    HAMPTON, AR

  • Medical assisting

    medical assisting instructors - Hiring NOW! Remington Colleg...
    LITTLE ROCK, Arkansas

  • Referral/admissions

    CoordinatorFull-time North Little Rock position with benefi...
    BENTON, AR

Search 745 jobs >

Top Picks - Capture Arkansas
Arkansas Online