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September 2, 2011
Owner of Waikiki Edition hotel files Ch. 11 bankruptcy
"The owner of The Waikiki Edition Hotel filed for Chapter 11 bankruptcy on Wednesday
as executives from Bethesda-based Marriott International Inc. waited to take
back management of the hotel.
M Waikiki LLC said the filing would allow the company, which is controlled by
California-based eRealty Fund LLC, to protect its investment in the 353-room hotel,
which was rebranded The Modern Honolulu over the weekend."
September 2, 2011 in Current Affairs | Permalink
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Comments
You hear of so many businesses filing bankruptcy these days and the people at the top walk away with millions of dollars... I really hope some business owners can use bankruptcy for what it was intended for and restructure their company/debts in a way that will allow them to grow and improve.
Posted by: Benjamin Skinner | Nov 30, 2011 11:03:01 AM
