Wednesday, November 17, 2010

Auction of 1-800-Hotels set to pay creditors

A Tampa Internet hotel booking company whose fight with suppliers left thousands of customers stranded without rooms this summer will be sold to pay creditors.
Bankruptcy Judge Caryl Delano has approved a Nov. 29 auction of 1800Hotels. The company filed for bankruptcy reorganization in July but last month asked the court to liquidate its assets.
Dubliner Graham Peakin founded 1800Hotels to sell discount hotel rooms first by phone, then online to Irish travelers. The company expanded to Tampa in 2008 to tap the U.S. market with the website 1800Hotels.com .

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