Hilton, Marriott franchisee files for Chapter 11 bankruptcy

1 month ago 16
Phoenix American Hospitality, LLC, and its affiliated companies, including American Hospitality Properties REITs, are facing a complex legal situation involving SEC investigations and a class-action lawsuit. This has caused the company and its affiliates to file for Chapter 11 bankruptcy.

A franchise operator that owns multiple Hilton and Marriott properties is filing for Chapter 11 bankruptcy.

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