Developing: Roxby Development, owner of McLure House Hotel and other properties, files for Chapter 11 bankruptcy
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View Roxby Development’s Bankruptcy Filing
WHEELING -- Roxby Development, owner of the McLure House Hotel and other high-profile properties in Wheeling, late Monday filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the Northern District of West Virginia.
According to the 9:40 p.m. Monday filing, which is 13 pages long, Roxby has between 50 and 99 creditors, with the company's estimated liabilities between $10 million and $50 million.
Jeffrey Morris, president of Roxby Development, is being assisted in the bankruptcy proceedings by Pittsburgh attorney Salene Kraemer. A Chapter 11 filing allows a company to reorganize and possibly emerge from the process.
The McLure House Hotel, located at 1200 Market St. downtown, and its adjacent parking garage on Chapline Street had been set to go up for public auction this morning through a trustee's sale. The bankruptcy filing ends that sale, according to Wheeling attorney David Delk, who had been handling the matter.
Roxby Development purchased the McLure in 2021 through public auction, paying $6.245 million. A total of $5.3 million is still owed for the purchase of the hotel and the garage, Morris said in a prior interview.