WEST BANK, India — India’s biggest city has seen its share of hotels shuttered over the past few years.
And it’s no longer just a ghost town.
The biggest spas, the best nightlife, and the biggest hotels all are under threat.
The city of 1.4 million is in the throes of a real estate boom, but the decline of the old, high-end, and expensive hotel chains has put a lot of pressure on the city.
Here are some of the biggest spats, where some of India’s most expensive hotels are under attack, along with the number of shuttered hotels and other properties that have already been sold: 1.
Etihad One Dubai hotel — A luxury hotel in Dubai, Etihad One is in desperate need of a major overhaul.
This sprawling hotel sits in the middle of the Dubai Marina and is in dire need of an overhaul.
Etisalat One Dubai, the Dubai-based company that owns Etihad, has not made any announcements on its plans, but it has been losing money and is now losing money.
The company is in debt.
Hilton Worldwide hotel — Hilton Worldwide is in deep trouble.
The hotel is in trouble because it is losing money on every room sold, but also because it has struggled to attract guests, according to a report from CNN Money.
Hilton, the biggest hotel chain in the world, lost a total of $9.6 billion in 2016, and it’s on the verge of defaulting on a $20 billion loan it took out from Citibank.
Pinnacle International Airport hotel — Pinnacle is facing a similar fate to Etihad.
The airport is also struggling.
The airline, which is also in deep financial trouble, has been unable to make a profit since 2016 and it has not been able to attract new passengers to its hubs in the past.
Pinnacle’s financial woes are likely to be exacerbated by a $5 billion loan that the airline took out last year from the World Bank.
Marriott Resorts International hotel — Marriott is struggling to attract business and is facing severe financial problems.
Its hotel operations in Dubai are in serious trouble, according a CNN Money report.
The property is in bad shape and its profitability has been on the decline for years.
BARCELONA hotel— The Spanish resort is in crisis.
The luxury hotel chain has been in a crisis since 2016 when it was forced to shut down its entire hotel portfolio due to a debt crisis.
In 2018, the hotel was forced into bankruptcy, and now the company is facing an insolvency filing.
KLM Air flight service — In 2019, the airline that runs the world’s biggest air traffic control system announced that it was in the process of closing its entire fleet of Boeing 737s.
The airline said that it would close down a fleet of 1,300 aircraft and cut more than 100 positions, and will be reorganizing its operations.
The new planes will be based in the United Arab Emirates and will likely be cheaper to operate.
ROBERTS STREET hotel — The hotel in the heart of the heartland of Britain, Robert’s Street, is in a serious financial trouble.
The hotel, which opened in 2006, is a popular destination for tourists and is also known for its restaurants and shopping.
It’s now closing all its restaurants, including its flagship, The Ritz-Carlton, and is closing its shopping malls, as well.
The London-based hotel is also considering closing the Robert’s St. hotel.
Luxury boutique hotel in New York City—The luxury hotel that’s just about every bit as iconic as the Taj Mahal is under serious financial and safety threat.
The boutique hotel has been the focus of an investigation by the New York Attorney General’s Office, which alleges that the luxury boutique hotel failed to disclose a major financial breach.
The investigation is now in the hands of the city of New York, which has said that the hotel has not met the standards of its occupancy.
The hotel has reportedly hired a lawyer and has been trying to come up with a plan to get the hotel’s occupancy back.
Airbnb hotel in Las Vegas — The Las Vegas hotel that hosts many of the world-famous entertainment events is in serious financial difficulties.
The Las Palmas, a resort in the city, is under investigation for failing to pay taxes and fines that were levied for the hotel.
Las Palmas is also facing a major debt crisis, according the Los Angeles Times, and a debt recovery plan is not in place.
Jasper hotel in Florida— The Florida resort is facing financial trouble and the hotel is facing the same fate that the iconic hotel is,