Owner Of Le Rivage Hotel Files For Bankruptcy

SACRAMENTO (CBS13) – The owner of one of the premiere hotels in the Sacramento region has filed for Chapter 11 bankruptcy, according to court documents.

The Le Rivage Hotel, owned by businessman Bob Cook, owns between $10 million and $50 million to at least 50 creditors despite only possessing assets of less than $50,000, court filings show.

Some of the hotel's creditors include Anthem Blue Cross, Auran Design, Attorney Robert Binns, Hearn Construction, and the Sacramento Kings. Cook is a Kings minority owner who was instrumental in bringing the team to Sacramento.

A Kings spokesperson said the unpaid debt of $43,000 is from several years ago, when the hotel was a corporate sponsor of the team.

The luxury hotel opened just four years ago, but nearly two-thirds of its rooms were empty Friday night.