In an “extremely unusual” situation brought about by the economic fallout of coronavirus, Ashkenazy Acquisition has found itself in the position of forcing a borrower into bankruptcy to protect its collateral. The investment firm filed an involuntary Chapter 11 petition in late April to force the 190-room Surrey Hotel at 20 East 76th Street into bankruptcy, Commercial Observer reported. The move came after the hotel owner, Denihan Hospitality Group, missed its ground lease payment for
source https://therealdeal.com/2020/05/12/ashkenazy-seeks-bankruptcy-for-surrey-hotel-to-save-45m-loan/
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