NC Hotel Developer Hits Ch. 11 After Defaulting On $17M Loan

By Yun Park · March 3, 2025, 5:52 PM EST

A North Carolina hotel developer embroiled in a $17 million lawsuit over a defaulted loan to build a Hyatt hotel near the Asheville airport filed for bankruptcy on Sunday, reporting assets...

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Bankruptcy Scorecard

Summary

PMHB LLC, a North Carolina hotel developer embroiled in a $17 million lawsuit over a defaulted loan to build a Hyatt hotel near the Asheville airport, filed for bankruptcy listing assets and liabilities between $10 million and $50 million

Case Number

1:25-bk-10038

Judge

George R. Hodges

Venue

U.S. Bankruptcy Court for the Western District of North Carolina

Capital Structure

Total Liabilities:

Between $10 million and $50 million.

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Documents

Petition