Resort destination mall and hotel seek Chapter 11 bankruptcy

Core Impact Points

• Boatworks at Tahoe LLC, a Lake Tahoe shopping mall and hotel owner, has filed for Chapter 11 bankruptcy protection.
• The company is seeking to avoid a foreclosure auction scheduled for August 12.
• The retail industry has been struggling with declining foot traffic and increased competition from e-commerce.
• The bankruptcy filing highlights the ongoing challenges faced by brick-and-mortar stores in the US market.
• The company's assets, including the Boatworks Mall and Inn at the Boatworks, are valued at over $100 million.