US EditionCourt Case Pits Hot Springs High-Rise Owner Against Penthouse Holdout
Summary by Arkansas Business
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Court Case Pits Hot Springs High-Rise Owner Against Penthouse Holdout
Parth Patel wanted to own all of the historic 16-floor Medical Arts Building in downtown Hot Springs and turn it into a hotel when his company bought the dilapidated property in 2021. But there was a sole holdout. Melanie Chambers of Fayetteville, owner of the building’s 659-SF penthouse, refused to sell. She has steadfastly rejected offers, and now she is accusing Patel’s Medical Arts Tower Horizontal Property Regime of trying to take it by for…
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