Times Square Crowne Plaza Hotel Goes Bankrupt

According to Bloomberg and The Real Deal, the owners of the Crowne Plaza Hotel in Times Square have filed for bankruptcy.

Is this the first major piece of commercial real estate to fall in the wake of the "work from home" revolution due to covid?

In an effort to revive the struggling and lawsuit-riddled company, the corporate owners of the recently renovated Crowne Plaza Hotel in Times Square filed for Chapter 11 bankruptcy protection on Wednesday, according to Bloomberg and TheR...

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