DOJ calls on independent trustee to take over LuxUrban
As LuxUrban Hotels winds its way through the bankruptcy process, a branch of the Justice Department is calling for an independent trustee to be placed in charge of the company. Attorneys for the Office of the U.S. Trustee filed a motion last week for an independent trustee to take over the bankrupt firm, Bisnow reported. The motion described the bankruptcy case as a “free fall” and described “chaos” encountered by customers and creditors alike, pointing to “gross negligence” on the part of LuxUrban. “A hotel operator … that leaves customers stranded, places people in rooms where no services are available, […]
This article originally appeared on The Real Deal. Click here to read the full story.
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