embassy suites chapter 11 bankruptcy

The owner of an Embassy Suites in Louisville, Kentucky has filed for chapter 11 bankruptcy protection.

According to reports:

The hotel has four or more star ratings on websites including Expedia, TripAdvisor and Yelp.

Through the bankruptcy proceeding, the 304-room hotel will be put up for sale to repay stakeholders at least some of their investment. One of the primary investors with Le Centre on Fourth is developer Eric Bachelor.