Thursday, December 2, 2010

Pocmont Hotel Corp files for bankruptcy liquidation

Weeks after a New Jersey group bought a closed Poconos resort, the hotel's former corporate parent filed for bankruptcy liquidation protection.
Pocmont Hotels Corp., which operated Pocmont resort in Bushkill for decades until it closed abruptly in November 2009, filed recently for Chapter 7 liquidation protection in U.S. Bankruptcy Court for the Middle District of Pennsylvania.
In October, an investment group headed by a New Jersey caterer bought the 155-acre property from a division of First National Community Bank of Dunmore for $2 million.

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