LONG BEACH (CBSLA) – The future of one of Southern California’s most recognizable seafaring properties is once again in doubt after the operator of the Queen Mary in Long Beach has filed for bankruptcy.
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LOS ANGELES, CA – MARCH 21: View of The Queen Mary on March 21, 2018 in Los Angeles, California. (Photo by RB/Bauer-Griffin/GC Images)
The Queen Mary is among dozens of entities owned by Singapore-based Eagle Hospitality Trust, which filed for bankruptcy Monday in Delaware court, according to reports.
Eagle Hospitality is hoping to ease a reported $500 million in debt obligations with the Chapter 11 filing.
The iconic hotel and ocean liner – which is owned by the city of Long Beach – had faced financial difficulties prior to the pandemic before it was closed to the public last May.