Prominent Miami resort files for Chapter 11 bankruptcy

In a marketplace driven by beardown traveler numbers but besides sizeable competition, hotels without the resources of a ample concatenation often find themselves successful a fiscal concern that forces them to record for bankruptcy protection.

The abrupt illness of the institution down hotels specified arsenic The Tuscany and Hotel 27 successful New York City near guests from antithetic parts of the satellite stranded astatine the extremity of September 2025. A period aboriginal successful November, short-term rental level Sonder filed for Chapter 7 liquidation aft Marriott pulled retired of a licensing agreement.

Luxury properties specified arsenic the Fairmont Breakers edifice successful Long Beach, the Fairmont Château Montebello successful Québec, and the 2 companies down the caller Mandarin Oriental successful Boca Raton all filed for bankruptcy earlier the extremity of 2025.

The archetypal large edifice concatenation to record for bankruptcy successful 2026 is the Revo Hospitality Group — the German concatenation was founded successful 2008 and has astir 260 hotels successful 146 cities that are expected to stay operational during the tribunal proceedings.

The latest edifice to record for Chapter 11 bankruptcy successful the Southern District of Florida is Miami-based Bloom Hotels, according to RK Consultants connected X (formerly Twitter).

The beleaguered institution down The Sixty Sixty Resort successful Miami Beach was deed by a $23.67 cardinal foreclosure judgement against concern institution De Paz Family Investment LLC implicit unpaid owe payments, fees, and involvement successful December 2025, The Real Deal reported.

Related: Classic edifice whitethorn skip Chapter 11 bankruptcy, spell to liquidation

Bloom Hotels had been hoping to erstwhile again refinance, but a bankruptcy justice ruled that the institution had exhausted its options to get backmost connected track, and the 82-room property, built successful 1992, has been closed since the commencement of the twelvemonth arsenic it prepares for liquidation.

According to the bankruptcy filing, Bloom has betwixt $10 and $50 cardinal successful assets and an equivalent magnitude successful liabilities to less than 50 creditors. The filing besides states that the institution had "various municipal codification violations" related to the property.

"The institution operates arsenic a constricted liability institution and is seeking to restructure its fiscal obligations nether the bankruptcy code," the filing reads.

With planetary question from the Canadian and Mexican markets dropping steeply nether the Trump administration, aggregate properties struggled with akin problems astir rising costs but a country occupancy complaint that remained unchanged oregon declined.