Real estate: Owner of hotels in Bay Area files for bankruptcy

Real estate: Owner of hotels in Bay Area files for bankruptcy

3 years ago
Anonymous $y15ULlV7sG

https://www.siliconvalley.com/2021/01/21/real-estate-hotel-owner-bay-area-bankrupt-covid-economy-jobs-eagle/

SAN JOSE — The owner of two Bay Area hotels, one in San Jose and one in San Mateo, has filed for bankruptcy, grim new evidence of the widening economic woes the lodging industry faces while the coronavirus rages on.

Eagle Hospitality Trust, which owns 18 hotels in the United States, including eight in California — the world-famous Queen Mary Hotel in Long Beach among them — has filed for a Chapter 11 bankruptcy in an attempt to reorganize its finances.