Within the last months of 2025, plenty of firms overseeing numerous resorts and resorts have filed for chapter in numerous parks of the U.S. and the world.
The corporate behind Tuscany and Lodge 27 in NYC shut down abruptly in September 2025 whereas château-style Oheka Fort lodge in Lengthy Island can be at the moment beneath Chapter 11 safety with money owed of over $60 million.
In Canada, a decide in Québec assigned accounting agency PwC to take over the sale of the Fairmont-operated log resort Château Montebello. Proprietor China Evergrande Group had been ordered to promote after working up greater than $300 billion in money owed on it, together with different properties.
Phil Kean Designs information for chapter safety in Florida courtroom
Together with resorts, firms specializing in luxurious development and structure have additionally skilled financial problem. On the finish of November, Florida-based Phil Kean Designs Inc. filed for Chapter 11 safety within the U.S. Chapter Court docket for the District of Florida beneath Subchapter V for small enterprise operators looking for to stay operational.
As first reported by native outlet What Now based mostly on courtroom paperwork filed on Pacer, the homebuilding firm, based mostly within the rich Winter Park suburb of Orlando, had run up greater than $1 million in liabilities to completely different collectors, whereas struggling to herald the purchasers to make a dent on the debt. It additionally reported $400,000 in property.
Associated: Iconic Fairmont lodge proprietor information for Chapter 11 chapter
On its web site, Phil Kean Designs describes itself as an organization that makes a speciality of “design and construction of architecturally distinctive spaces” with signature “walls of glass that open to extensive indoor/outdoor living spaces.”
The agency, based by Phil Kean himself in 2002, constructs full properties and oversees renovation and design of particular person areas equivalent to kitchens, residing rooms, and outside area. It’s well-known within the Florida luxurious design world and as an organization specializing in environmentally pleasant constructing practices.
Orlando-based legal professional Daniel A. Velasquez will characterize Phil Kean Designs within the chapter proceedings; the subsequent step is for the corporate to submit its restructuring plan by February 23, 2026, as requested by the courtroom.
Phil Kean Designs makes a speciality of glass partitions opening up onto outside area.
Phil Kean Designs
These different design companies filed for chapter this yr
Based on the courtroom paperwork, Phil Kean Designs will proceed to function as common by engaged on ongoing initiatives and taking over new purchasers all through the chapter course of. The corporate has not publicly commented on the chapter past intent to restructure.
Just a few different design companies to file for chapter within the second half of 2025 embrace the Palm Seaside-based D&D Design Group. With over $1 million in money owed, the 35-year-old firm specializing in luxurious properties requested courtroom permission to liquidate with a Chapter 7 chapter submitting in August 2025.
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A month earlier in July, IG Design Group Americas filed for Chapter 11 safety within the Southern District of Texas, Enterprise Wire reported. It confronted comparable issues of “navigating a challenging operating landscape for several years, compounded by the loss of a major customer.”
Midwestern structure big GH+A Design Studio additionally filed for cover for its Detroit studio in September 2025, in keeping with Crain’s Detroit Enterprise.
Associated: A well-liked nationwide park is shutting down each one in every of its resorts
