Latest News 2010 March W Union Square Hotel in Bankruptcy

W Union Square Hotel in Bankruptcy

The W New York Union Square Hotel has been put into bankruptcy by the junior mezzanine lender that took over ownership of the property last December. The company, Hotels Union Square Mezz 1, has filed for Chapter 11 bankruptcy reorganization in order to stop a foreclosure auction. The filing was reportedly a bare-bones petition that wasn't accompanied by the usual requests for relief that happen with a Chapter 11 filing.

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