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Downtown Chicago Hotel Hits Ch. 11 With Up To $50M In Debt

By Yun Park ( April 23, 2024, 5:06 PM EDT) -- A defunct hotel near Chicago's commercial center has applied for Chapter 11 protection in Delaware bankruptcy court, disclosing between $10 million and $50 million in debt, a few months after the city government converted the property into a shelter for unhoused people....

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