Tiny Red HandsBack

Plaza Hotel files for bankruptcy protection under Trump plan

This authoritative-secondary source from United Press International supports 5 claims across 4 ledger entries.

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Claims supported by this source

  1. factreported

    Lenders gained control and Trump's ownership was reduced while the hotel continued operating.

    Filing date, lender control, debt, and ownership terms

    Plaza Hotel debt restructuring: Affected group · Affected group

  2. analysisdocumented

    The restructuring contradicts an unqualified success narrative for the leveraged purchase, though the hotel continued operating and Trump retained an interest.

    Filing date, lender control, debt, and ownership terms

    Plaza Hotel debt restructuring: Audit finding · Cited analysis

  3. factdocumented

    The Plaza Hotel filed for Chapter 11 protection under a lender-backed restructuring plan.

    Filing date, lender control, debt, and ownership terms

    Plaza Hotel debt restructuring: The record · The record

  4. factdocumented

    Trump owned the Plaza Hotel and negotiated the bankruptcy plan.

    Filing date, lender control, debt, and ownership terms

    Plaza Hotel debt restructuring: The record · The record

  5. factdocumented

    The filing did not close the hotel and did not constitute Trump's personal bankruptcy.

    Filing date, lender control, debt, and ownership terms

    Plaza Hotel debt restructuring: Evidentiary limit · Evidentiary limit