Largest hotel in the world is Chicago's Stevens which is in receivership. Second largest is Brooklyn's St. George, with 2,632 rooms and seven miles of corridors. St. George pays no interest on its bonds. Bondholders' committees have repeatedly tried to get a re-accounting, new management and some money on their investment. Last week a petition was filed in Brooklyn Federal Court to reorganize the hotel's operating company under the new Bankruptcy Reorganization Act. "The said debtor corporation," read the petition, "is insolvent and for 18...
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