New Chapter 11 Filing – 85 Flatbush RHO Mezz LLC
On December 18, 2020, Hollywood, FL-based 85 Flatbush RHO Mezz LLC and two subsidiaries, the owners of a twelve-story, mixed use property in Brooklyn, NY consisting of a 174 room boutique hotel on the first 6 floors (known as the Tillary Hotel Brooklyn) and 64-unit luxury residential component filed single-asset real estate petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case 20-23280). The company reports $50 to $100 million in both assets and liabilities. A link to 85 Flatbush RHO Mezz’s chapter 11 petition can be found here.
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