The Hot Springs Board of Directors delegated the marketing of the Majestic Hotel site to the city s economic development contractor Tuesday, making the Hot Springs Metro Partnership the clearinghouse for all purchase offers and redevelopment proposals.
After negotiations with one developer ended without an agreement, and another developer pulled out of a real estate contract, the city was ready to put the redevelopment of the Majestic Hotel site on hold.
After negotiations with one developer ended without an agreement, and another developer pulled out of a real estate contract, the city was ready to put the redevelopment of the Majestic Hotel site on hold.