Filed under: Luxury Travel & Hotels
Mark Lineberry, the president and majority stockholder of the two companies, said that the Chapter 11 filing was an effort to hold off foreclosure and work toward a possible restructuring. As is usual in these types of cases, the hotel remains open for business. Lineberry told the Tennessean that the hotel is doing well and making money. The other local Hotel Indigo, on West End Avenue, is not affected.
The Hotel Indigo on Union Street opened last fall in two historic buildings, 301 Union and 315 Union, which were combined. The 301 Union structure, built in 1909, was originally the American Trust Building; the other, built in 1926, was the Nashville Trust Co.