Celebrity Resorts Files for Chapter 11
Posted on Mar 24, 2010 12:15pm PDT
The company Celebrity Resorts, which bought David Walley's Hot Springs Resort and Spa has filed for
Chapter 11 bankruptcy protection. According to the documents that were filed, the company is citing the economy as the reason for the filing. Also according to the documents, the company has increased profits by about $5.8 million in the last year.
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