United Kingdom
United States
Asia Pacific
Lodgian emerges from bankruptcy
Wednesday, 11 Dec, 2002
0
Hotel owner and operator Lodgian has claimed it and many of its subsidiaries have successfully emerged from its financial problems after filing for bankruptcy protection last year.
A statement from the company said it had staved off bankruptcy with 79 hotels under franchises such as Holiday Inn, Marriott, Hilton and Crowne Plaza.
Meanwhile, 18 hotels will continue under Chapter 11 protection and Lodgian said it plans to sell off nine hotels by the end of March 2003.
Lodgian also has a new $309 million credit facility financed by Merrill Lynch.
The hotel company’s problems had stemmed from a slump in demand following the September 11 terror attacks.
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
BA suspending all Heathrow to Abu Dhabi flights
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel
Foreign Office issues travel advisory for winter sun destinations