Trenton's only hotel to seek bankruptcy protection - Dallas News | myFOXdfw.com

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>>

  • Newark, Jersey City, Paterson

    3 New Jersey mayors announce joint anti-crime plan

    3 New Jersey mayors announce joint anti-crime plan

    Monday, July 28 2014 6:28 PM EDT2014-07-28 22:28:17 GMT

    The mayors of New Jersey's three largest urban areas said Monday they are looking at inter-city collaboration as a way to stem the flow of bloodshed on their streets. Newark Mayor Ras Baraka, Jersey City Mayor Steven Fulop and Paterson Mayor Jose Torres spoke mainly in generalities about the partnership, but said specifics would be hammered out at a mayors' roundtable that will convene in September.

    The mayors of New Jersey's three largest urban areas said Monday they are looking at inter-city collaboration as a way to stem the flow of bloodshed on their streets. Newark Mayor Ras Baraka, Jersey City Mayor Steven Fulop and Paterson Mayor Jose Torres spoke mainly in generalities about the partnership, but said specifics would be hammered out at a mayors' roundtable that will convene in September.


  • Massive brawl at NJ wedding

    Massive brawl at NJ wedding

    Monday, July 28 2014 2:24 PM EDT2014-07-28 18:24:34 GMT
    As many as 300 people became involved in a massive brawl at a New Jersey wedding hall that ended with two arrests on Sunday night.  Middletown police say that the fight broke out at about 10:30 p.m. at the Jacques Reception Hall on Palmer Ave. in Middletown.
    As many as 300 people became involved in a massive brawl at a New Jersey wedding hall that ended with two arrests on Sunday night.  Middletown police say that the fight broke out at about 10:30 p.m. at the Jacques Reception Hall on Palmer Ave. in Middletown.
  • Woman gets 20-year prison term for fatal stabbing

    Woman gets 20-year prison term for fatal stabbing

    Sunday, July 27 2014 2:32 PM EDT2014-07-27 18:32:05 GMT
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

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