(Crain’s) — The developer of the new InterContinental Chicago O’Hare in Rosemont has filed for Chapter 11 bankruptcy protection.
The 556-room hotel, which opened last September, has struggled amid the sharp downturn in travel brought on by the recession. Reasons for the bankruptcy weren’t disclosed in the petitions, which were filed Monday in U.S. Bankruptcy Court in Chicago by six development entities led by Oak Brook-based Harp Group Inc.
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