Hotel Los Gatos And Spa: Hotel Los Gatos bankruptcy: Deal in works to sell hotel for princely sum as debtors resist "fire sale" auction

Delays and false starts may have been a good thing in the on-again, off-again sale of Hotel Los Gatos. More than four years after the upscale 72-room hotel filed for bankruptcy, a buyer finally appears to be in sight - and at a higher price than previous deals that were ultimately scuttled. The question now: Will the property's biggest lender will get on board with the deal, or push for what the debtor is calling "a fire sale." IHA Hotel Group, which also owns San Francisco's King George...