Fontainebleau Las Vegas in Chapter 11: Ceiling Collapses at Miami Hotel
Fontainebleau Las Vegas, a $3 billion resort project on the Las Vegas Strip, filed for bankruptcy-court protection late Tuesday, the project's owners said.
The filing comes after a protracted battle with a group of lenders who pulled out of an $800 million loan needed to finish building the hotel and casino resort -- one of the most lavish planned for Las Vegas.
It has not been the best week for the Fountainbleau group, which holds an ownership interest in the Fontainebleau Miami Beach. The Miami resort suffered damage this past Friday when part of its lobby ceiling collapsed during a storm that put much of Miami Beach under water. This is after nearly $1 billion was spent on renovating the property, which reopened to much fanfare just two months ago.
Gambling911.com reports that the resort was fully operational as of Sunday but couldn't help but notice the 8 foot area of missing ceiling tiles. Damage totals were not immediately known.
