Archive for March 2011

Western Maryland ski and golf resort files for Chapter 11 by Lindsey Robbins, Staff Writer Maryland’s only ski resort has fallen victim to the collapse of the real estate market, as its owners filed for bankruptcy on Saturday after defaulting on a $23.5 million loan. D.C. Development of McHenry, owner of Wisp Resort in Garrett…

Tue, 03/29/2011 by Lisa Yonka Stevens, Esquire The Advocate, Young Lawyers Section-Maryland State Bar Association, Volume 26, Number 2, Winter 2010 With the downturn in the nation’s economy and a full recovery on the distant horizon, many businesses, as well as individuals, are facing difficult financial situations. Bankruptcy is a system under which persons, individuals,…

Transaction will keep Hotel Monaco Baltimore and B&O American Brasserie open Mon, 03/07/2011 Kimpton Hotels & Restaurants, the management company for the 202-room Hotel Monaco Baltimore and B&O American Brasserie — which have been tenants of the historic B&O Building since 2009 — has agreed to buy the portion of the structure occupied by the hotel…

A U.S. bankruptcy court judge approved a plan by the owner of Baltimore’s Hotel Monaco to liquidate the property. Mon, 03/07/2011 The approval allows Baltimore & Charles Associates, managed by Philadelphia’s Arc Wheeler, to convert the downtown property into three separate parcels and sell them individually. The company spent around $65 million to acquire and…