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Travel, leisure & hospitality coverage - ElevenFlo

Travel, leisure & hospitality coverage

33 articles

Week of March 23, 2026

LuxUrban Hotels Converts to Chapter 7 After 37 Days

LuxUrban Hotels converted to chapter 7 after 37 days as financing and cash collateral talks failed, leaving a disputed $118.6 million tax claim and contested management allegations.

Week of March 16, 2026

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.

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.

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.

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.

Week of March 9, 2026

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.

Week of March 2, 2026

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.

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.

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.

Five Star Selects Madison for Texas Property Sale

Five Star selected Madison as the sole qualified bidder for eight Texas properties. A September 18 sale hearing follows procedures allowing a credit bid of up to $90 million.

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.

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.

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