Hotel Owner Files Chapter 11 Bankruptcy, Cites 'Significant Reduction' In Revenue

Hotel Owner Files Chapter 11 Bankruptcy, Cites 'Significant Reduction' In Revenue

TRENTON, N.J. - The chairwoman of the Lafayette Yard Community Development Corp. (LYCDC) on Sept. 23 filed a declaration in the U.S. Bankruptcy Court for the District of New Jersey, saying the company's Chapter 11 bankruptcy petition was filed with the goal of selling a hotel, which is the company's main asset (In Re: Lafayette Yard Community Development Corporation, No. 13-30752, Chapter 11, D. N.J. Bkcy.).

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