Trenton's only hotel to seek bankruptcy protection - Fox 2 News Headlines

Trenton's only hotel to seek bankruptcy protection

Posted: Updated:

Trenton's city-owned hotel plans to file for Chapter 11 bankruptcy protection as it seeks relief from $30 million in debt.The city's only hotel, which opened in 2002, recently lost its Marriott brand and is hoping to attract a buyer.

The Lafayette Yard Hotel and Conference Center is on W. Lafayette St. in the capital city.

Board attorney Gregory Johnson tells the Times of Trenton that closing the hotel is not an acceptable option. Johnson says the hotel has heard from eight potential buyers and filing for bankruptcy will help clear outstanding long-term debt to make way for a sale.

Johnson says he believes the hotel board could get an offer to at least cover the $13.3 million in bonds and loans backed by Trenton.

The hotel was opened with expectations to help transform the city's dangerous reputation but it struggled from the start.  The hotel has mixed reviews on tripadvisor.com.


Copyright 2013 MyFoxNY.com/The Associated Press.

  • New Jersey NewsNew Jersey NewsMore>>

  • 8 confirmed mumps cases at Stevens Institute of Technology

    8 confirmed mumps cases at Stevens Institute of Technology

    Friday, April 18 2014 8:26 AM EDT2014-04-18 12:26:31 GMT
    Officials are investigating eight confirmed cases of mumps found in students at New Jersey's Stevens Institute of Technology.The college in Hoboken says the students range in age from 18 to 21. All were fully vaccinated with two documented doses of mumps-containing vaccine.
    The New Jersey Department of Health is investigating eight confirmed cases of mumps found in students at Stevens Institute of Technology.  The college in Hoboken says the students range in age from 18 to 21. All were fully vaccinated with two documented doses of mumps-containing vaccine. Symptoms include swollen salivary glands, fever, headache, tiredness and loss of appetite.



  • Ex-NBA player: Re-entry tougher than serving time

    Ex-NBA player: Re-entry tougher than serving time

    Thursday, April 17 2014 6:50 PM EDT2014-04-17 22:50:46 GMT
    Jayson WilliamsJayson Williams
    Former NBA player Jayson Williams says trying to re-enter society after serving time for shooting a limousine driver was more difficult than being in prison.
    Former NBA player Jayson Williams says trying to re-enter society after serving time for shooting a limousine driver was more difficult than being in prison.
  • Governor Christie wants to do away with campaign donation limits and realty transfer fees

    Governor Christie wants to do away with campaign donation limits and realty transfer fees

    Thursday, April 17 2014 4:08 PM EDT2014-04-17 20:08:25 GMT

    During his town hall meeting in Somerset County on Tuesday Gov. Chris Christie said he believes there should be no limits on the amount of money people can donate to political campaigns, as long as they disclose their contributions within a 48-period, according to nj.com.

    During his town hall meeting in Somerset County on Tuesday Gov. Chris Christie said he believes there should be no limits on the amount of money people can donate to political campaigns, as long as they disclose their contributions within a 48-period, according to nj.com.

Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices