Published on : Friday, January 25, 2019
The company that operates the Quality Inn & Suites and Charleston Capitol Hotel has filed for bankruptcy.
Charleston Hotel VII, LLC filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the Southern District of West Virginia Wednesday. The company owns Quality Inn & Suites, at 1010 Washington St. East, and Charleston Capitol Hotel, at 1000 Washington St. East.
The business has between $1 million and $10 million in assets, according to the bankruptcy filing. It has the same amount in liabilities. A lawyer for the company did not respond to a request for comment Thursday. A phone call to Charleston Mayor Amy Shuler Goodwin’s office also went unanswered.
In 2016, the hotels were sold at a foreclosure sale, then bought again by California-based CRU Real Estate Group two weeks later.
Thursday, Alisa Bailey, president and CEO of the Charleston Convention and Visitors Bureau, said she hadn’t heard about the bankruptcy. The city has 1,800 hotel rooms within walking distance of the Charleston Coliseum & Convention Center, and 3,600 within city limits. Steve Roberts, president of the West Virginia Chamber of Commerce, echoed that. Both Roberts and Bailey noted the bankruptcy doesn’t necessarily mean the hotels will shut down.