Future uncertain for former Trenton Marriott after being forced into bankruptcy

The property, now called the Lafayette Yard, has a reported debt of about $30 million. It is owned in part by the city of Trenton.

The property, now called the Lafayette Yard, has a reported debt of about $30 million. It is owned in part by the city of Trenton. (9/3/13)

TRENTON - The owners of the former Trenton Marriott have declared bankruptcy, leaving the future of the property in question. 

The property, now called the Lafayette Yard, has a reported debt of about $30 million. It is owned in part by the city of Trenton.

While the hotel's finances are examined, the search is on for a new hotel chain to take it over. Some city leaders are skeptical.

"If the taxpayers are paying through the nose, and you're not making a penny on it and we haven't made a penny on it yet, it should have never been put up," says Council Member George Muschal.

The board that operates the hotel fired the company that had handled its finances earlier this summer.
 

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