Travel, leisure & hospitality coverage

chapter 11 and restructuring coverage across Travel, leisure & hospitality.

29 articles

Showing 1 to 12 of 29 coverage articles

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.

Subchapter VTravel, leisure & hospitality

Week of July 13, 2026

Jul 17

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.

Subchapter VReal estate & construction

Week of May 18, 2026

May 22

Silver Airways Shuts Down, Converts to Chapter 7

Silver Airways shut down after a $5.775M lender-backed sale drew no overbid, then converted to Chapter 7 on July 28, 2025.

Chapter 7Travel, leisure & hospitality

May 18

FAT Brands Wins Approval of Four Brand Sales, Files $445.9M Liquidation Plan

FAT Brands' chapter 11 reached plan stage: four brand-by-brand sale orders entered May 19, 2026, and a Joint Plan of Liquidation establishing a Liquidation Trust — with $445.9M in unsecured claims and a $9.23M wind-down fund — was filed May 22.

FreefallFood & agriculture

Week of May 4, 2026

May 5

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.

FreefallFood & agriculture

May 5

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.

Chapter 7Travel, leisure & hospitality

May 4

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.

FreefallTravel, leisure & hospitality

Week of April 13, 2026

Apr 18

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.

Travel, leisure & hospitality

Week of March 23, 2026

Mar 23

LuxUrban Hotels Converts to Chapter 7 in 37 Days Amid 85 Lawsuits

LuxUrban Hotels fell from chapter 11 to chapter 7 in 37 days, with 85 lawsuits, unpaid wages, shuttered hotels, and a $118.6M tax claim.

FreefallTravel, leisure & hospitality

Week of March 16, 2026

Mar 19

WorldVentures: Verona Sale and Liquidating Trust

WorldVentures parent Spherature Investments filed chapter 11 on December 21, 2020, then confirmed a liquidating trust plan tied to a sale to Verona International. The post covers the sale structure, trust mechanics, cash collateral disputes, and post-confirmation administration.

Travel, leisure & hospitality

Mar 19

The Falls Condominium POA: Branson Timeshare 363 Sale

The Falls Condominium POA filed Subchapter V chapter 11 in Missouri after members voted to close Club Wyndham Branson at The Falls and market the timeshare property through a section 363 sale as part of Wyndham's portfolio refresh.

Subchapter VReal estate & construction

Mar 16

Lodging Enterprises: $91M Credit-Bid Liquidation of 44-Hotel Portfolio

Lodging Enterprises filed chapter 11 in Kansas after a cash-control fight with secured lenders and ultimately sold its hotel portfolio through a $91 million credit bid, followed by confirmation of a liquidation plan.

Food & agriculture