Trenton's only hotel to seek bankruptcy protection

Trenton's only hotel to seek bankruptcy protection

Posted: Updated:

Trenton's city-owned hotel plans to file for Chapter 11 bankruptcy protection as it seeks relief from $30 million in debt.The city's only hotel, which opened in 2002, recently lost its Marriott brand and is hoping to attract a buyer.

The Lafayette Yard Hotel and Conference Center is on W. Lafayette St. in the capital city.

Board attorney Gregory Johnson tells the Times of Trenton that closing the hotel is not an acceptable option. Johnson says the hotel has heard from eight potential buyers and filing for bankruptcy will help clear outstanding long-term debt to make way for a sale.

Johnson says he believes the hotel board could get an offer to at least cover the $13.3 million in bonds and loans backed by Trenton.

The hotel was opened with expectations to help transform the city's dangerous reputation but it struggled from the start.  The hotel has mixed reviews on tripadvisor.com.


Copyright 2013 MyFoxNY.com/The Associated Press.

  • New Jersey NewsNew Jersey NewsMore>>

  • Boxer Rubin 'Hurricane' Carter dies at 76

    Boxer Rubin 'Hurricane' Carter dies at 76

    New Jersey NewsNew Jersey News
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.
  • Officer struck in hit and run fighting for his life

    Officer struck in hit and run fighting for his life

    Saturday, April 19 2014 6:28 PM EDT2014-04-19 22:28:45 GMT
    Bergen County Police Officer Daniel Breslin is fighting for his life at New Jersey's Hackensack Hospital. Officials say Officer Breslin was hit from behind by another vehicle on Route 46 west in Lodi around 2am Saturday morning. Officer Breslin had stopped parallel to another officer's vehicle because that officer was having problems with his radio.Without warning, cops say a Ford Fusion then slammed into Officer Breslin's vehicle.
    Bergen County Police Officer Daniel Breslin is fighting for his life at New Jersey's Hackensack Hospital. Officials say Officer Breslin was hit from behind by another vehicle on Route 46 west in Lodi around 2am Saturday morning. Officer Breslin had stopped parallel to another officer's vehicle because that officer was having problems with his radio.Without warning, cops say a Ford Fusion then slammed into Officer Breslin's vehicle.
  • Woman in custody in NYC stroller snatch attempt

    Woman in custody in NYC stroller snatch attempt

    Saturday, April 19 2014 2:55 PM EDT2014-04-19 18:55:51 GMT
    Police say an 8-month-old baby was nearly snatched by a stranger while being pushed down a Manhattan street in his stroller, but a bystander intervened to foil the abduction attempt.
    Police say an 8-month-old baby was nearly snatched by a stranger while being pushed down a Manhattan street in his stroller, but a bystander intervened to foil the abduction attempt.
Powered by WorldNow

4739 NW 53rd Avenue, Sutie B
Gainesville, FL 32653

Phone: (352) 371-0051

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices