Prometheus The Supremo
►Member №41+⅜◄
they's got the sign upside down like.
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It's actually in Etobicoke, but yes close to Malton.its just really unfortunate its out in Malton,
It's actually in Etobicoke, but yes close to Malton.
Sagecrest II LLC, the mother company of the local subsidiary that bought the Regal Constellation, has filed for bankruptcy in Connecticut.
The (very) long list of creditors includes Terrasan, the company currently doing demolition at the site, as well as the Canadian Revenue Agency.
I'm not entirely sure how this news will affect the Merchant Equity Group/Sagecrest partnership, but I imagine the Hyatt proposal is now in serious doubt.
^^True enough about The Standard Hotel! I stayed there a few years ago, when I was in LA- a great place saved and really well done too! The Constellation would have made a great retro, boutique hotel, but alas, there was no money, nor did the people involved feel that it was worth the investment to repair (supposedly quite bad, I have heard).
I would love to go inside sometime though- is anyone up for that, especially before it is completely gone??
p5