Gemini Real Estate Files for Bankruptcy

    Gemini Real Estate Advisors has filed a Chapter 11 reorganization petition with the US Bankruptcy Court for four of its investments, according to Its assets are the Jade Hotel Greenwich Village, Wyndham Garden, Best Western Seaport, and the Bryant Park development site. According to the article, the bids for each property are as follows: Jade Hotel, $78 million; Wyndham Garden, $57 million; Best Western Seaport, approximately $37 million and the Bryant Park development site, approximately $26 million.

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