Monday, December 6, 2010

Nashville Indigo files for bankruptcy

The hotel’s property owner, 315 Union Street Holdings LLC., and owner of the hotel business itself, Union Street Plaza Operations, LLC., filed separate Chapter 11 petitions in U.S. Bankruptcy Court in Nashville last week, listing total combined debts of about $25.6 million against assets of about $14.1 million, including the $13.1 million value of the real estate.

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