Hotel Chain Explores Bankruptcy | WSJ.com
Maneuvering for Control of Highland Hospitality, Led by Deal Maker Joseph Robert Jr., Includes Some Creditors
A real-estate investment firm led by Joseph E. Robert Jr., one of the most successful deal makers during the industry's crisis in the 1990s, is exploring a potential bankruptcy filing for Highland Hospitality Corp. that would mark yet another collapse of a major hotel company as the economy struggles, according to people familiar with the situation.