A number of resorts, hotels and mixed hotel-apartment complexes have all had to file for bankruptcy in the last months of 2025. The company behind hotels such as The Tuscany and Hotel 27 in New York City suddenly shut down operations in September 2025 while the owner of Oheka Castle hotel in Long Island is currently in Chapter 11 proceedings with debts of over $60 million. Vacation rental company Sonder announced a Chapter 7 bankruptcy filing in November after Marriott pulled back on a key licensing dea ...