ARC Hospitality: Hospitality Investors Trust Begins Bankruptcy Proceedings

Hospitality Investors Trust Inc., a publicly registered non-traded REIT formerly known as American Realty Capital Hospitality Trust, has filed for Chapter 11 bankruptcy in Delaware to restructure its $1.3 billion unsecured debt. The bankruptcy court must enter a confirmation order no later than June 23, 2021. Hospitality Investors Trust also entered into a restructuring support [...] The post Hospitality Investors Trust Begins Bankruptcy Proceedings appeared first on The DI Wire.