Saturday, November 20, 2010

Westin Hilton Head Resort Owner Files for Bankruptcy

(Hospitality Business News) -- The current owner of the Westin Hilton Head Island Resort in South Carolina and the Westin La Paloma Resort in Tucson, filed for bankruptcy court protection from its creditors.
 According to a story filed by Bloomberg, Transwest Resort Properties Inc., which also owns the Westin La Paloma Resort and Country Club in Tucson, Arizona, listed assets of $10 million to $50 million and debt of $100 million to $500 million in documents filed yesterday in U.S. Bankruptcy Court in Tucson.
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