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Radisson at LAX seeks Chapter 11

August 18, 2009|Times Wire Reports

The Radisson hotel at Los Angeles International Airport entered bankruptcy proceedings after its owner, Harp Group of Chicago, failed to renegotiate the 580-room property's $120 million of debt.

A Chapter 11 petition for the hotel was filed in U.S. Bankruptcy Court in Chicago.

Another Harp property, the InterContinental Chicago O'Hare hotel, also entered Chapter 11.

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