Madison 92nd Street Associates Seeks Bankruptcy Protection
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Madison 92nd Street Associates LLC, the owner of the Upper East Side Courtyard by Marriott in Manhattan, sought bankruptcy protection to avoid a foreclosure sale and pursue mortgage refinancing, according to a court filing.
The corporation listed assets of as much as $500 million and debt of as much as $100 million, according to the filing today in U.S. Bankruptcy Court in Manhattan. The company owns the 226-room hotel on East 92nd Street that opened in 2006 and has been managed by Courtyard Management Corp., a unit of Marriott International Inc., according to the filing.