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Travel, leisure & hospitality coverage - ElevenFlo

Travel, leisure & hospitality coverage

33 articles

Week of October 12, 2026

Laurel Ridge Pursues Timeshare Sale, Schedules $3.4M in Debt

Laurel Ridge's Chapter 11 sale strategy covers a 68-unit Tennessee timeshare property. Its schedules list $3.4 million in liabilities, while the proposed sale must address co-owner interests and differing descriptions of First Horizon's collateral.

Week of October 5, 2026

Wellington Place Seeks 72-Unit Timeshare Sale in Chapter 11

Wellington Place's Subchapter V case seeks a sale of its 72-unit Tennessee timeshare property and eventual dissolution. The association owns only 3.85% of unit weeks, making non-debtor owners' interests central to the proposal.

Bentley Brook Owners’ Association Plans Resort Sale After $19.4M Repair Estimate

Bentley Brook’s nonprofit timeshare association proposes a court-approved resort sale and wind-down in Subchapter V after a $19.373 million repair estimate. Member interests, distributions, and reserve-account compliance remain central issues.

Week of September 14, 2026

Sea Oaks Plans Sale, Citing $5.2M in Projected Repairs

Sea Oaks plans a court-approved timeshare sale after citing $5.2 million in projected capital work. The association owns about 4.33% of unit weeks and intends to seek authority to sell other owners’ interests alongside its own.

Week of August 3, 2026

Glade at Nottingham Villas Files Chapter 11 to Sell Timeshare Properties

Glade at Nottingham Villas and seven affiliated vacation-condominium associations filed Chapter 11 in Tennessee to pursue sales of their timeshare properties after declining occupancy.

Week of July 13, 2026

Sea Palms Files Chapter 11 to Sell Edisto Beach Timeshare Amid $2.6M Repair Needs

Sea Palms Council of Co-Owners filed Chapter 11 Subchapter V to sell its Edisto Beach timeshare property, terminate the timeshare plan and dissolve. The association projected $2.634 million in repairs and capital improvements through 2029.

Week of May 18, 2026

Silver Airways Shuts Down, Converts to Chapter 7

Silver Airways stopped flying in June 2025 after a $5.775M stalking-horse bid drew no rival. The cases converted to Chapter 7 on July 28, 2025.

FAT Brands Implements Liquidation Plan With $9.23M Funding Base

FAT Brands’ liquidation plan became effective July 31, 2026. Its funding starts at $9.23 million, subject to adjustments, while creditor distributions depend on trust proceeds, costs and a tiered recovery waterfall.

Week of May 4, 2026

Twin Peaks and Smokey Bones Parent Files Chapter 11; $413M WBS Notes Back 363 Auction

Twin Hospitality Group Inc., parent of Twin Peaks and Smokey Bones, filed chapter 11 in S.D. Texas on March 18, 2026 as part of the FAT Brands bankruptcy. The case involves $413M in whole business securitization debt and a 363 sale auction targeting April 28, 2026.

Vantage Travel Service: Travel Credits, Insider DIP, and a $108 Million Customer Claims Pool

Vantage Travel Service filed chapter 11 in D. Mass. on June 29, 2023 with \~$170M in liabilities (mostly customer deposits) against \~$14M in assets. Pacific Travel Partners outbid United Travel at $2M; the modified liquidating plan, confirmed Nov 22, 2023, pays customers in Travel Credits.

Extended Stay: LBO Collapse and Centerbridge-Paulson-Blackstone Sale

Extended Stay Inc. filed chapter 11 in June 2009 following the collapse of the $8B Lightstone LBO. The Centerbridge-Paulson-Blackstone consortium acquired the 680-hotel platform for ~$3.925B at a contested May 2010 auction. The plan was confirmed July 2010 and went effective October 2010.

Week of April 13, 2026

Neighborhood Restaurant Partners: 53-Unit Applebee's Franchisee Files Chapter 11 with Dine Brands Stalking Horse

Neighborhood Restaurant Partners, a 53-unit Applebee's franchisee, filed chapter 11 in N.D. Georgia with Dine Brands as expected stalking-horse bidder.

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