2024 Sacramento Best Bankruptcy Attorneys – Chapter 7, 11 & 13

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Sacramento Top 10 Best Bankruptcy Attorney Guide is a user generated list and map of the best bankruptcy lawyers in the Greater Sacramento Area, including Sacramento, Folsom, Roseville, Elk Grove, EL Dorado Hills, Rancho Cordova, Citrus Heights, Orangevale, West Sacramento, Rancho Murieta, Fair Oaks, Carmichael, Rocklin, Lincoln, Loomis, Granite Bay, Auburn, Placerville, Cameron Park, Davis, Woodland, Sutter Creek, Jackson, Yuba City & Marysville. If you’ve had a positive experience with one of these attorneys, please share your recommendation by giving them a thumb up. Your review is important to us.

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Westin Sacramento changes hands in $324.7 million portfolio sale amid owner bankruptcy

Sacramento Business Journal

The Westin Sacramento has changed hands, as part of a deal to offload more than a dozen hotels owned by a bankrupt hospitality investment trust.

A trustee for Eagle Hospitality Trust disclosed to the Singapore Exchange on Monday that it had completed the sale of a portfolio of nine hotels, including the Westin, for $324.7 million.

The Singapore-based trust is sponsored by Los Angeles-based real estate development and investment firm Urban Commons LLC. Urban Commons purchased the 100-room Westin Sacramento in 2012 for $16 million. In January, Eagle Hospitality filed bankruptcy petitions for more than two dozen of its properties.

Until recently, Eagle Hospitality also operated the historic ocean liner the Queen Mary, which is permanently moored in Long Beach, and operates as a hotel and tourist destination. According to the Los Angeles Times, the city of Long Beach took back control of the ship earlier this month, after inspections revealed the ship was in danger of capsizing if it didn't receive $23 million in urgent repairs. Urban Commons once planned to build a $250 million entertainment destination around the city-owned ship.

The Long Beach Post reports that Urban Commons launched Eagle Hospitality Trust in 2019 to raise $566 million through a public offering, which it would use for unspecified capital funding. At the time, it was known that the Queen Mary required more than $200 million in maintenance and repairs.

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