Live Breaking News & Updates on Long Beach City Auditor Laura

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More than two dozen hotels and other properties, including the Queen Mary, listed as entities under Singapore-based Eagle Hospitality Trust filed for bankruptcy on Monday in Delaware court with a total of more than $500 million debt, according to court records obtained by the Post.
The filing comes as Eagle Hospitality has seen major financial problems since it halted trading on Singapore Stock Exchange in 2019 following a notice of default on a $341 million loan from Bank of America.
The City of Long Beach, which owns the Queen Mary, in a statement on Tuesday said officials are “concerned with this development, as the company has a long-term obligation to ensure the upkeep and operation of the City’s asset.” ....

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