Holding company for Embassy Suites Hotel files for bankruptcy – Louisville Business First

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Le Centre on Fourth LLC, the holding company for the Embassy Suites hotel on South Fourth Street in downtown Louisville, has filed for reorganization under Chapter 11 of the federal bankruptcy code after its construction loan agreement fell into default. The company, owned by entrepreneur Eric Bachelor, filed a petition for reorganization to restructure the company’s debt and unlock the value.

LOVELAND – A proposed settlement of a long-simmering bankruptcy and multistate legal battle would mean new ownership for Northern Colorado’s largest hotel and conference center, the Embassy Suites by Hilton Hotel and Conference Center in Loveland. JD Holdings LLC, a New York investment firm.

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The Embassy Row Hotel is a hotel owned by Lowe Enterprises located at 2015 Massachusetts Avenue NW in Washington, D.C., in the United States.The operator is a Lowe subsidiary, Destination Hotels & Resorts.The hotel, a Modernist structure which opened in 1970, is in the Embassy Row neighborhood of the city, and takes its name from the area. The hotel has had several owners, and is considered a.

Embassy Suites by Hilton is a chain of upscale all-suite hotels trademarked by Hilton Worldwide.As of December 31, 2018, there are 253 locations in six countries with 58,858 rooms. Similar to other Hilton brands, 208 Embassy Suites hotels are independently owned and operated by franchisees with 47,081 rooms, while 45 locations are managed with 11,777 rooms.

In a recent ruling, a bankruptcy judge in Florida said that Louisville-based The Al J. Schneider Co. could continue to manage the Embassy Suites hotel downtown for the time being and prohibited.

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File photo. By Marty. Reporter, Louisville Business First. Al J. Schneider Company. Embassy Suites Hotel holding company files for Chap.

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Mary Moseley is Former President & Chief Executive Officer at Al J. Schneider Co. View Mary Moseley’s professional profile on Relationship Science, the database of decision makers.

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