Tuesday, March 2, 2010

Sawgrass Marriott resort owner files for Chapter 11

March 2 (Reuters) - RQB Resort LP, owner of the Sawgrass Marriott golf resort where Tiger Woods made his public apology, filed for Chapter 11 bankruptcy protection, hurt by weak corporate and group bookings, court documents show.

RQB Resort listed estimated assets and liabilities of up to $500 million, court documents show. It owes Goldman Sachs (GS.N) about $193 million in principal and accrued interest, the filings show.

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