🏨New Chapter 11 Bankruptcy - AD1 Urban Palm Bay LLC🏨
The bankruptcy dockets are beginning to fill up with hospitality cases. See also Golden Seahorse LLC and Times Square JV LLC.
On January 22, 2023, a FL-based owner and operator of eight FL-located hotels, AD1 Urban Palm Bay LLC (along with twelve affiliates, the “debtors”), filed for chapter 11 bankruptcy in the District of Delaware (Judge Owens). The d…