Operator of Martinique Hotel in Manhattan files for bankruptcy

The operator of the Martinique hotel in Manhattan has filed for Chapter 11 bankruptcy protection. Herald Hotel Associates, which runs the boutique hotel at 49 West 32 Street in Koreatown, this week filed a petition with the U.S. Bankruptcy Court for the Southern District of New York. The Martinique is part of Hilton Hotels’ Curio Collection portfolio. The company owes between $10 million and $50 million, and has estimated assets of between $100 million and

source https://therealdeal.com/2020/09/23/operator-of-martinique-hotel-in-manhattan-files-for-bankruptcy/