Over the last year, a number of smaller and mid-size hotels have struggled to stay afloat and ended up filing for bankruptcy protection. The company behind hotels such as The Tuscany and Hotel 27 in New York City suddenly shut down operations in September 2025 in a situation that left guests from different parts of the world struggling to find last-minute accommodations at Manhattan prices. A month later in November, short-term rental platform Sonder filed for Chapter 7 bankruptcy and liquidation after ...