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Another hotel investor purchased the loan backed by the 140-room hotel on Ocean Drive and is pushing for a takeover.
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Brian Friedman says he is in talks with new partners to bid on the asset at January's auction.
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Rockbridge Holdings will reopen Hotel Derek as The Greenleigh in May 2026.
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Hotel subcontractors have joined the NYC hospitality industry's battle against a bill intended to improve safety in hotels.
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The lawsuit alleges developer Ronald Lipscomb took advantage of investors' unfamiliarity with the Baltimore market and presented misleading revenue projections.
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A venture of SB Yen Management Group has failed to pay off debt for two Chicago hotels totaling 453 rooms.
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The culinary giant is partnering with New York developer Thor Equities on a hotel in Georgetown that it has planned for nearly a decade.
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Ireland's largest hotel was once envisioned as a major golf and convention hub, but the state is set to acquire it fully after it pivoted to a refugee centre.
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The Divine Lorraine's new owner, Susquehanna Structured Capital, plans to convert the North Philadelphia hotel into apartments.
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Hotel industry performance is still on the decline, painting a grim picture for third-quarter earnings.
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