Posted by Axel (12.80.9.105) on July 21, 2001 at 15:13:34:
In Reply to: What's going on? posted by Kip on July 21, 2001 at 15:12:01:
I read in an article in the Larchmont Chronicle, a very local Wilshire area paper, that there was going to be a bankruptcy hearing on May 22, 2001, although I don't know what was being decided, or what the outcome was.
I do notice there is some more information included on TheAmbassadorHotel.com home page, and I also noticed a small link to FAQ (frequently asked questions), in the upper right area of the Discussion page.
Seems as though the current ownership has filed for bankruptcy to avoid foreclosure by the school district, and have submitted a reorganization plan, detailing their concept for what they want to do with the property, and it doesn't appear to include keeping the hotel.
Posted by Axel (12.80.34.90) on May 29, 2001 at 16:55:54