Graceland to Host Miss USA Pageant as Neighboring Hotel Files Chapter 11

Graceland, the home of Elvis Presley in Memphis, TN, is set to host the sold out 2020 Miss USA pageant this November. However, a neighboring tourist hotel, The Travelodge by Wyndham, filed for Chapter 11 bankruptcy on September 15.

A company by the name of EAS Graceland LLC bought the The Travelodge hotel in March 2019 for $1.8 million. The company's bankruptcy filing listed assets ranging from $0 to $50,000 and debts ranging from $1,000,001 to $10,000,000.

As the U.S. economy attempts to forge ahead through a global pandemic, hotels struggle to survive with minimal reservations and higher-than-normal operating costs.

And while many hotels are experiencing difficulty maintaining substantial reservations during the pandemic, entertainment venues within similar locations are begi...

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