Comment on Crowne Plaza Lead Investor: Bankruptcy Filing Was Measure To Protect Mortgage; Hotel Is Strong

Crowne Plaza Lead Investor: Bankruptcy Filing Was Measure To Protect Mortgage; Hotel Is Strong

The owners of the Crowne Plaza hotel filed for bankruptcy protection as an emergency measure to prevent a "hostile takeover" of the delinquent mortgage, and intend to remain open, the lead investor said.

 

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