Plaza Hotel files for bankruptcy protection under Trump plan
Reporting cited here
- reported
Lenders gained control and Trump's ownership was reduced while the hotel continued operating.
Filing date, lender control, debt, and ownership termsPlaza Hotel debt restructuring: Affected group · Affected group
- documented
The restructuring contradicts any unqualified success narrative for the leveraged purchase. The hotel kept operating and Trump retained an interest.
Filing date, lender control, debt, and ownership termsPlaza Hotel debt restructuring: Audit finding · Cited analysis
- documented
The Plaza Hotel filed for Chapter 11 protection under a lender-backed restructuring plan.
Filing date, lender control, debt, and ownership termsPlaza Hotel debt restructuring: The record · The record
- documented
Trump owned the Plaza Hotel and negotiated the bankruptcy plan.
Filing date, lender control, debt, and ownership termsPlaza Hotel debt restructuring: The record · The record
- documented
The filing did not close the hotel and did not constitute Trump's personal bankruptcy.
Filing date, lender control, debt, and ownership termsPlaza Hotel debt restructuring: Evidentiary limit · Evidentiary limit