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JV shakes off bankruptcy with $154M to finish luxury hotel

The partnership behind a planned luxury hotel at 456 Greenwich Street in Tribeca has emerg.....»»

Category: realestateSource: realestateweeklyOct 16th, 2019

24 hotel-branded products that will mimic a luxury travel stay at home — from Ritz-Carlton sheets to Marriott wine glasses

  Shelter in place restrictions may so.....»»

Category: topSource: businessinsiderMay 13th, 2020

Sotherly Hotels Double Dips in SBA PPP Program

Luxury Hotel Brand Sotherly Hotels Double Dips in SBA PPP, While Casino Service Provider Joins List of Grantees Q1 2020 hedge fund letters, conferences and... The post Sotherly Hotels Double Dips .....»»

Category: blogSource: valuewalkMay 11th, 2020

Bankruptcy court approves Neiman Marcus" plea to access financing

U.S. luxury department store chain Neiman.....»»

Category: topSource: reutersMay 9th, 2020

Luxury Retailer Neiman Marcus Files For Bankruptcy After Reaching Agreement With Creditors

Ares Management Corp (NYSE: ARES) co-owned high-end retailer Neiman Marcus has become the first large department store chain to read more.....»»

Category: blogSource: benzingaMay 8th, 2020

Neiman Marcus files for Chapter 11 bankruptcy

The luxury department stores had been struggling to get out from under $5 billion in debt even before the outbreak forced it to shutter all 43 of its U.S. stores......»»

Category: topSource: moneycentralMay 7th, 2020

First J. Crew, Now Neiman Marcus. Who’s Next?

Storied luxury chain Neiman Marcus became the second U.S. retailer in a week to file for bankruptcy and faces a shaky future trying to recover in a pandemic......»»

Category: topSource: washpostMay 7th, 2020

Luxury retailer Neiman Marcus files for bankruptcy

Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic. Freddie Joyner has more......»»

Category: videoSource: reutersMay 7th, 2020

Neiman Marcus files for Chapter 11 bankruptcy

The luxury department stores had been struggling to get out from under $5 billion in debt even before the outbreak forced it to shutter all 43 of its U.S. stores......»»

Category: worldSource: nytMay 7th, 2020

Luxury retailer Neiman Marcus files for bankruptcy amid COVID-19 pandemic

Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic......»»

Category: topSource: reutersMay 7th, 2020

Luxury Retailer Neiman Marcus Formally Enters Bankruptcy Protection

Neiman Marcus is not the first retailer to enter into bankruptcy protection in this recession. It likely will not be the last......»»

Category: blogSource: 247wallstMay 7th, 2020

Neiman Marcus files for bankruptcy, citing "inexorable" pressure from coronavirus

Katie Warren/Business Insider Neiman Marcus has filed for bankruptcy protection. The luxury retailer is seeking to el.....»»

Category: topSource: businessinsiderMay 7th, 2020

Report: Neiman Marcus nearing bankruptcy deal

Neiman Marcus Group Inc. is close to a deal with lenders led by Pacific Investment Management Co. that would reduce the luxury retailer’s debt load by more than half in exchange for control of the company, Bloomberg reports.  The plan would be.....»»

Category: topSource: bizjournalsMay 4th, 2020

The week in bankruptcies: Best Finish Concrete LLC.

Seattle area bankruptcy courts recorded one business filing during the week that ended April 24. Year to date through April 24, the court recorded 19 Chapter 7 or Chapter 11 business bankruptcy filings, a 5 percent decrease from the same span the .....»»

Category: topSource: bizjournalsApr 30th, 2020

12 home upgrades to make yours feel like a luxury hotel — from sumptuous sheets to indulgent bath amenities

12 home upgrades to make yours feel like a luxury hotel — from sumptuous sheets to indulgent bath amenities.....»»

Category: topSource: businessinsiderApr 28th, 2020

Reuters: Investors to challenge Neiman Marcus bankruptcy loan, push for sale

An investor group plans to challenge a financing package that luxury retailer Neiman Marcus has lined up for its looming bankruptcy, and will push the Dallas-based company to sell itself, according to a Reuters report on Sunday. The report said t.....»»

Category: topSource: bizjournalsApr 27th, 2020

Report: Neiman Marcus could file for bankruptcy as soon as Sunday

Neiman Marcus is expected to file for bankruptcy as soon as Sunday, April 26, in an effort to restructure and offload more than $4 billion in debt, according to a new report. Sources told CNBC Friday, April 24, that the Dallas-based luxury retailer is.....»»

Category: topSource: bizjournalsApr 25th, 2020

Neiman Marcus eyes Sunday bankruptcy filing

All of Neiman Marcus' stores have been shut since March 17 due to the coronavirus pandemic. Neiman Marcus is hoping its status as a luxury brand will help it emerge from the crisis a leaner and stronger company......»»

Category: topSource: moneycentralApr 24th, 2020

A luxury hotel company that owns multiple Ritz-Carltons received millions in small-business aid thanks to a loophole in the coronavirus bailout program

Joni Hanebutt/Shutterstock Three lodging companies chaired by hotel executive Monty Bennett have received $59 million in Paycheck Protection Program (PPP) coronavirus relief funds intended for small businesses, the Wal.....»»

Category: topSource: businessinsiderApr 23rd, 2020

Luxury hotel exec biggest winner of small-business relief

A Dallas hotel executive whose empire includes luxury resorts has emerged as the biggest winner from the coronavirus bailout for small businesses......»»

Category: topSource: moneycentralApr 23rd, 2020

Luxury hotel exec biggest winner of small-business relief

A Dallas hotel executive whose empire includes luxury resorts has emerged as the biggest winner from the coronavirus bailout for small businesses......»»

Category: topSource: moneycentralApr 23rd, 2020