Nashville Hotel Files for Bankruptcy
Posted on Jan 6, 2011 8:50pm PST
A Nashville Hotel, Hotel Indigo, is reportedly filing for Chapter 11 bankruptcy. The hotel reportedly defaulted on a loan which prompted the owners to file for bankruptcy reorganization. It is reported that they were unable to pay more than $17 million in loans. The company has reported its assets at $25 million. The hotel only opened last fall.
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