Luxurious Calif. Hotel Hits Ch. 11 With Rebranding Hopes

Legislation360 (March 8, 2021, 5:16 PM EST) — California luxury resort Fairmont San Jose has grow to be a further sufferer of the COVID-19 pandemic, shutting down and coming into Chapter 11 in Delaware individual bankruptcy courtroom as it seeks a home loan extension together with a new management corporation and brand.

FMT SJ LLC filed for bankruptcy and ceased operations at the resort Friday, but stated it hopes to reopen within just 3 months right after reorganizing to deal with the cratered occupancy charges brought on by the pandemic.

“We know that by having this tough step we will appear again a more lively hotel to the gain of every person in San Jose, which includes the vitality of…

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