Lodging companies in Puerto Rico continue to struggle.
Swiss Chalet, Inc. filed for Chapter 11 on Friday at the United States Bankruptcy Court for the District of Puerto Rico. The hotel and real estate company's petition lists approximately $118.5 million in assets and $132.7 million in liabilities.
The petition lists the largest creditor as CPG/GS PR NPL, LLC of San Juan with an approximate $118 million disputed loan claim ($47.4 million unsecured). CPG/GS PR NPL, LLC is a joint venture created by Goldman Sachs and Caribbean Property Group.
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