The attorney for the owner of Connellsvilles only hotel has filed a motion asking to close its case in bankruptcy court.<\/p>\n
Attorney Daniel R. Schimizzi, who represents Trailside Lodging, filed a motion for entry of final decree in U.S. Bankruptcy Court for the Western District of Pennsylvania.<\/p>\n
Trailside owned the former Cobblestone Hotel on North First Street. The hotel has since been rebranded and is open and operating as a Comfort Inn.<\/p>\n
Its always been the goal to keep the hotel open and running in the Connellsville area, Schimizzi said on Thursday. I know that the company is excited to keep operating and moving forward.<\/p>\n
In February, two years after the three-story, 54-room hotel opened, Trailside filed for Chapter 11 bankruptcy. The filing came after Cobblestone, a national chain, cut off the hotels ability to accept reservations, because Trailside owed $20,595 in fees. The petition indicated that the hotel thrived during the warmer months with people using the nearby Great Allegheny Passage, but struggled in the winter months.<\/p>\n
In August, the Connellsville Redevelopment Authority board voted to authorize a ballot in favor of the sale of the hotel because officials in Connellsville invested $100,000 in the project in exchange for a 5.1% share in the hotels profits and a portion of the rent from a retail shop planned for the first floor.<\/p>\n
In September, the Cobblestone became a Comfort Inn. Its sole proprietor under the agreement reached in bankruptcy court is listed in court paperwork as Nate Morgan.<\/p>\n
Now, Schimizzi wrote, the case is ready to be closed.<\/p>\n
We were fortunate enough to have a lot of cooperation with all the parties involved and accomplished the goal in a relatively short period of time, he said.<\/p>\n
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Read the rest here:<\/p>\n
Connellsville's only hotel is closer to closing bankruptcy case in court - Uniontown Herald Standard<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The attorney for the owner of Connellsvilles only hotel has filed a motion asking to close its case in bankruptcy court. Attorney Daniel R Continue reading