SAN JOSE The reopening of a bankrupt downtown San Jose hotel thats been closed since March in the wake of the coronavirus has landed in limbo after a judges ruling.
A set of decisions by a U.S. Bankruptcy Court judge enables the start of an arbitration proceeding to resolve a dispute between the bankrupt Fairmont San Jose hotels owner and the iconic lodgings operators.
It is likely that a decision will be made by the arbitrator at the end of the next 5 to 6 months, essentially by the end of the year, said Sam Singer, a spokesperson for the group that owns the double-tower hotel in downtown San Jose.
That in turn has left the date and circumstances under which the hotel can reopen up in the air.
We do not have a firm date on the proper…
Read the full article at: https://www.eastbaytimes.com/2021/06/29/bankrupt-downtown-san-jose-hotel-reopen-limbo-court-real-estate-covid/
