Force 10 served as financial advisor to the Debtor, a hotel catering to Disneyland visitors in Orange County, CA, that entered Chapter 11 in 2020 during the COVID-19 pandemic.
Golden Hotel owned a 200-room hotel in Buena Park, CA, next to Knott’s Berry Farm and Disneyland. After the company filed Chapter 11 bankruptcy in 2020, Force 10 was hired to help with the restructuring process and conduct a liquidation analysis of the company’s assets. Force 10 evaluated the available alternatives in light of the negative impact of the COVID-19 pandemic on the hotel and the significant deferred maintenance and debt load. The combination of these factors ultimately led to the hotel being sold. The case was completed as a structured dismissal that provided full recovery to the secured creditor, repayment of priority claims, and distribution to the unsecured creditors.
