Hilton, Marriott franchisee files for Chapter 11 bankruptcy

A hotel operator managing several Hilton and Marriott branded properties has filed for Chapter 11 bankruptcy amid an SEC investigation and various lawsuits. Simultaneously, the eco-chic dining chain True Food Kitchen filed for Chapter 11 bankruptcy on October 1. The vegan-focused restaurant group is currently seeking a court-supervised sale to a new owner. Both entities are utilizing bankruptcy protections to address their respective legal, regulatory, and financial challenges within the hospitality and dining sectors.