The owners of New York's Alex Hotel and Flatotel are seeking bankruptcy protection as part of an agreement with lenders who in January won a foreclosure lawsuit for unpaid loans, Bloomberg News reported today. 205 East 45 LLC, the owner of east midtown Manhattan-located Alex Hotel, has $123 million in outstanding liabilities with the lenders group, according to its chapter 11 filing. EALC LLC, the owner of Flatotel in west midtown Manhattan, has $245 million in liabilities with the lenders, according to the filing.
