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20 Affiliates of CNL Hotels File for Bankruptcy

Feb 1, 2011 10:50 AM

From Reuters:
Hilton Among Unsecured Creditors
More than 20 affiliates of resort owner CNL Hotels & Resorts Inc filed for bankruptcy on Tuesday, with more than $1 billion in assets and liabilities. Five of CNL's eight U.S. luxury hotels faced a debt payment of about $1.5 billion on Tuesday, according to the Wall Street Journal. Click here for the full story.

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