The city of Excelsior Springs bought the hotel in 1995 and transitioned it to new owners , who renovated the hotel in 1998 at a cost of $16 million .
In 1991 the hotel again went bankrupt , but continued to operate .
The city of Excelsior Springs bought the hotel in 1995 and transitioned hotel to new owners , who renovated the hotel in 1998 at a cost of $16 million .
In 1991 the hotel again went bankrupt , but continued to operate .