Proprietor of resorts in Bay Space files for individual bankruptcy

SAN JOSE — The proprietor of two Bay Region hotels, a person in San Jose and one in San Mateo, has submitted for personal bankruptcy, grim new evidence of the widening financial woes the lodging marketplace faces though the coronavirus rages on.

Eagle Hospitality Believe in, which owns 18 motels in the United States, together with 8 in California — the world-renowned Queen Mary Lodge in Lengthy Beach among the them — has filed for a Chapter 11 personal bankruptcy in an try to reorganize its finances.

4 Points by Sheraton San Jose Airport and Holiday Inn Hotel & Suites in San Mateo are among the the inns owned by bankrupt Eagle Hospitality Have faith in, according to company documents and personal bankruptcy court docket documents.

Eagle Hospitality mentioned 27 subsidiaries, formally identified as corporate entities, have been concerned in the bankruptcy submitting and that it is achievable an energy could be created to come across consumers for some or all of the 18 hotels, including the two in the Bay Region.

“The Chapter 11 entities intend to commence a internet marketing process to promote the pertinent resorts,” Eagle Hospitality explained in a geared up launch issued on Jan. 20 that declared the individual bankruptcy filing.

Four Details by Sheraton is a 196-space hotel at 1471 N. Fourth St. in San Jose, even though Vacation Inn Resort & Suites has 220 rooms and is situated at 330 N. Bayshore Blvd. in San Mateo.

One particular superior-profile hotel caught up in the Eagle Hospitality bankruptcy: The Queen Mary Resort, a historic floating lodging docked in Prolonged Beach.

Eagle Hospitality’s filing suggests that difficulties in the hotel sector, which has been battered by the coronavirus, proceed to worsen, according to Alan Reay, president of Irvine-dependent Atlas Hospitality Group, which tracks the lodging industry.

“This is an early indicator of the complications going through the hotel market in 2021,” Reay explained.

Eagle Hospitality Belief, which owns 18 motels in the United States, a hotel in San Jose and a single in San Mateo, has filed a Chapter 11 bankruptcy in an attempt to reorganize its funds.