Travel, leisure & hospitality coverage

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

29 articles

Showing 13 to 24 of 29 coverage articles

Week of March 16, 2026

Maple Ridge Property Owners Association: Timeshare Resort Liquidation Under Subchapter V

Maple Ridge Property Owners Association filed Subchapter V in North Carolina to liquidate its Lake Lure timeshare resort through a section 363(h) sale process while expecting to pay creditors in full from cash reserves and sale proceeds.

Subchapter VReal estate & construction

Week of March 9, 2026

Mar 9

BY Hotel SPE-3 LLC: Chicago Hotel Group Files Chapter 11 Amid Lender Fight

BY Hotel SPE-3 LLC filed chapter 11 in Delaware after a lender fight over two South Loop Chicago hotels, seeking cash collateral and a $1 million DIP to stabilize operations.

FreefallReal estate & construction

Week of March 2, 2026

Mar 6

Bay Cliffside Lodge II: Arkansas Timeshare Associations Pursue Section 363(h) Liquidation

Five non-profit timeshare associations at Fairfield Bay, Arkansas filed Subchapter V on February 11, 2026 to liquidate 205 units via Section 363(h) sale. Part of Travel + Leisure's closure of 14 Club Wyndham resorts. No secured debt; $6.6M+ cash; all claims expected paid in full.

Subchapter VReal estate & construction

Mar 6

Imperial Pacific International (CNMI): $12.95M Sale and Liquidation Plan

Imperial Pacific (CNMI) filed chapter 11 on Apr 19, 2024 and moved toward a liquidation plan after a $12.95M sale to Team King.

Media, sports & entertainment

Mar 6

Newport Overlook Association: Rhode Island Timeshare's $500K Chapter 11

Club Wyndham Newport Overlook timeshare association files chapter 11 after 700 owners vote to close. Part of Travel + Leisure's 2025 portfolio refresh.

FreefallReal estate & construction

Mar 6

Five Star Development: $2B Ritz-Carlton Project Halts Madison Foreclosure

Five Star filed chapter 11 to halt Madison Realty's $585M loan foreclosure. $47M DIP funds $2B Ritz-Carlton Paradise Valley completion.

FreefallReal estate & construction

Mar 6

Mondee Holdings: $191M Credit Bid Sale in 80 Days

Mondee Holdings, the largest air ticket consolidator in North America, filed chapter 11 in Delaware with a pre-negotiated $191M stalking horse credit bid. The 80-day sale transferred assets to founder Prasad Gundumogula (75% stake). The case was dismissed after post-sale tax complications.

PrenegotiatedTechnology & telecom

Mar 6

Flagship Resort: $5M Insider Buyout of Atlantic City Timeshare Portfolio

Atlantic City's largest non-casino hospitality provider filed chapter 11 amid consumer fraud litigation and margin compression. Former co-CEOs resigned weeks before filing, formed AC Boardwalk Investments, and acquired the 794-unit timeshare portfolio for $5M cash plus $40.5M in assumed debt.

Travel, leisure & hospitality

Mar 6

Elk Run Property Owners Association: Subchapter V Timeshare Restructuring

Elk Run Property Owners Association filed Subchapter V in Colorado to address reserve-funded repairs and delinquent owner assessments.

Subchapter VTravel, leisure & hospitality

Mar 6

The Dolphin Company: Armed Standoffs, $10K Daily Sanctions, and Miami Seaquarium's End

The Dolphin Company ch. 11 amid animal welfare scandals, armed standoffs, $10K daily CEO sanctions.

FreefallMedia, sports & entertainment

Mar 6

Hudson Hotel Files Chapter 11 After Parkview's $80M Foreclosure to Save 440-Unit Conversion

Parkview foreclosed on CSC Real Estate's Hudson Hotel equity in July 2025, then filed chapter 11 in Delaware on October 22, 2025 to save the 440-unit Manhattan conversion. The case faces a bad-faith dismissal motion and three-way opposition to a $32.76M DIP facility.

FreefallReal estate & construction

Mar 6

Star Island Vacation: Disney-Area Timeshare HOA Pursues $11.5M Orderly Liquidation

Star Island timeshare HOA filed Subchapter V near Disney World. Despite $11.56M cash, $12.9M capital needs drive 363(h) sale of Wyndham legacy resort.

Subchapter VTravel, leisure & hospitality