A hotel project pegged as a catalyst for the revitalization of downtown New Rochelle just filed for Chapter 11 bankruptcy. A company tied to a luxury Wyndham hotel planned for 115 Cedar Street made the bankruptcy filing Sept. 11 in federal court. The hotel’s developer is Ward Capital Management, a real estate investment firm based in nearby Dobbs Ferry. The hotel project — the largest in Westchester County in 20 years — owes creditors $4.67
source https://therealdeal.com/2020/09/15/largest-westchester-county-hotel-project-in-20-years-files-for-bankruptcy/
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