Holiday Inn Express, Sonic planned for Terre Haute, Ind.

Hotel will have 90 to 100 rooms

Meanwhile, Gibson, who owns several parcels of land around the new east side Walmart, said he is encouraged by the development in that area, despite the slow economy. In recent weeks, Gibson said he has received several pricing inquiries for some of his lots.

"The economic climate isn't so good, but we've got a lot of things going on and some potential things coming," Gibson said. "I'm optimistic about things happening this year."