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Bankruptcy

Small Business Reorganization Act: Resolving Financial Hardship Amidst a Pandemic Economy

Owners of hospitality properties, which are considered “operating businesses,” owing less than $7.5 million may want to consider filing for Subchapter V bankruptcy to...
LODGING On Demand — Episode 18: Navigating Commercial Real Estate Bankruptcy

Episode 18: Navigating Commercial Real Estate Bankruptcy

As the COVID-19 crisis continues, hoteliers are having to make difficult decisions about their properties, including considering whether bankruptcy makes sense. Steve Jakubowski, shareholder...

Caesars’ Operating Unit Files for Chapter 11 Bankruptcy

Caesars Entertainment Corp.'s operating unit filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt, according to a...

Atlantic City’s Revel Has Six Potential Buyers

There are six potential buyers for the Revel Casino Hotel, Atlantic City's mayor said Wednesday. The 1,399-room hotel is up for sale next month...

LodgeNet Expanding Partnership With DirecTV After Emerging From Bankruptcy

Colony Capital's acquisition of LodgeNet is expected to close at the end of the month, and LodgeNet will exit bankruptcy protection and begin its...
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