🗽New Chapter 11 Bankruptcy Filing - Golden Seahorse LLC🗽
Speaking of New York City, the effects of the pandemic are still flowing through the system and one example of that is the November 29, 2022 chapter 11 bankruptcy filing of Golden Seahorse LLC, the corporate entity behind the hotel that does business as Holiday Inn Manhattan Financial District, located at 99 Washington Street. It filed in the Southern District of New York. It also claims to be the tallest Holiday Inn in the world, consisting of 492 rooms and providing a full-service restaurant.
As you can imagine, hotels didn’t fare particularly well during the pandemic. Hotels in the Financial District, in particular, didn’t perform as bankers and lawyers worked from home and meetings were held via Zoom. Anyone who ventured down to the Financial District in the middle of 2020 will be able to tell you: there was practically tumble weed rolling through the streets. The debtor notes: