From The Tennessean:
Nashville Hotel Indigo Owner Files for Chapter 11 Bankruptcy
Default on a $17.5 million loan on the property for the Hotel Indigo on Union Street in downtown Nashville has led the property's owner to file for Chapter 11 bankruptcy reorganization. The hotel property's owner, 315 Union Street Holdings LLC., and the owner of the hotel business itself, Union Street Plaza Operations LLC, filed separate Chapter 11 petitions in U.S. Bankruptcy Court in Nashville last week, listing total combined debts of about $25.6 million against assets of about $14.1 million, including the $13.1 million value of the real estate. Click here for the full story.