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Hilton Houston Post Oak By The Galleria At 2001 Post Oak Blvd.


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  • The title was changed to Hilton Houston Post Oak By The Galleria

Hilton Houston Post Oak by the Galleria seeks Ch. 11 bankruptcy protection

https://www.bizjournals.com/houston/news/2021/09/04/hilton-houston-post-oak-chapter-11-bankruptcy.html

One of Houston’s largest hotels, which is located in the Galleria area, is seeking bankruptcy protection in the wake of the pandemic.

Hilton Houston Post Oak by the Galleria filed for Chapter 11 bankruptcy protection on Aug. 31, citing estimated liabilities between $50 million and $100 million.

The hotel at 2001 Post Oak Blvd. said in the bankruptcy filing that it has between 50 and 99 creditors and assets between $50 million and $100 million.

Hilton Houston Post Oak by the Galleria is owned by a subsidiary of Palm Beach, Florida-based Ecclestone Organization Inc. Company President E. Llwyd Ecclestone Jr. signed the bankruptcy filing, which was filed in the U.S. Bankruptcy Court for the Southern District of Florida.

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Hilton Houston Post Oak by the Galleria faces debts of $91.2M, Chapter 11 filings show

https://www.bizjournals.com/houston/news/2021/09/14/hilton-houston-post-oak-galleria-chapter-11-debts.html

New details have emerged about the Chapter 11 bankruptcy proceeding initiated by Hilton Houston Post Oak by the Galleria late last month.

In court filings submitted to the U.S. Bankruptcy Court for the Southern District of Florida, lawyers for the hotel said the ongoing Covid-19 coronavirus pandemic blew a hole in its main sources of revenue, challenging the hotel’s ability to pay its creditors.

The hotel’s creditors claim they are owed a combined $91.2 million, Andrew Zaron of Miami-based León Cosgrove said in the court filings. León Cosgrove is representing the hotel’s owner, a subsidiary of Palm Beach, Florida-based Ecclestone Organization Inc. The Aug. 31 bankruptcy filing was signed by company President E. Llwyd Ecclestone Jr.

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  • The title was changed to Hilton Houston Post Oak By The Galleria At 2001 Post Oak Blvd.

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