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BREAKING: Queen Mary operator files for Chapter 11 bankruptcy • Long Beach Post News


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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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Rainbow Sandals gives boost to local charities, education groups in need [The Orange County Register]


Rainbow Sandals gives boost to local charities, education groups in need [The Orange County Register]
Dec. 31 Rainbow Sandals’ founder isn’t exactly giving away gold treasure, but there are some sizable checks being handed out locally courtesy of the San Clemente-based footwear brand.
This year has been especially tough for nonprofits and other small organizations, and that’s the reason why founder Jay “Sparky” Longley decided to give out more than $250,000 the past few months, in the form of mostly $10,000 and $5,000 checks, as well as food and recycled sandal donations nearly every day since early October.
“I try to help, everybody needs the help,” he said. “We were lucky, we were still able to sell Rainbow Sandals. We were able to ship, even in the summer, through our retail site. We had money to spend and there were a lot of people who couldn’t open.” ....

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