A San Francisco-based hospitality group with more than a dozen budget hotels around the Bay Area recently filed chapter 11 bankruptcy for three of them, according to filings with the U.S. Bankruptcy Court for the Northern District of California, the San Francisco Business Times reported. Golden State Hospitality Group, led by managers Hitesh and Bhavesh Patel, detailed tens of millions in debt in the filings for corporate entities affiliated with hotels in Santa Rosa and Fairfield. The hotel ownership group, headquartered on 33rd Avenue in San Francisco, owns at least 15 hotels across the state from Merced to Elk Grove, including Quality Inn, Super 8 and Holiday Inn franchises around the Bay Area. Bankruptcy filings signed by Hitesh Patel last month for affiliates of a Quality Inn & Suites in Santa Rosa and a La Quinta Inn & Suites in Fairfield indicated assets of more than $10 million and liabilities of more than $10 million and of about $8.3 million, respectively. The most recent petition, filed June 1 for a Holiday Inn Express in Santa Rosa, declared assets of just over $33 million and liabilities of about $30.5 million. The largest claim against the Holiday Inn Express affiliate is from an entity tied to Columbia Pacific Advisors — an investment firm based in Seattle — in the form of a lien entitling it to the deed of trust of the 98-room hotel, valued at $24 million.
