The five bankrupt affiliates each have separate boards of directors, bankruptcy attorney Laura Davis

Oct. 26 (Bloomberg) Jameson Inns Inc. affiliates filed for bankruptcy hours before lodging in alaska a court hearing where Colony Capital LLC had planned to challenge the hotel chain's strategy lodging in alaska of reorganizing under court protection.
JER/Jameson GP LLC joined four other affiliates of James Inns in bankruptcy today in Wilmington, lodging in alaska Delaware. The affiliates all hold debt related to Jameson Inns hotels. Jer/Jameson listed assets and debt of between $100 million and $500 million each.
Colony Capital, which is owed more than $40 million lodging in alaska by one of the affiliates, is seeking to dismiss the first Jameson- related bankruptcy filed on Oct. 18. Colony claimed in court papers the filing by JER/Jameson Mezz Borrower II LLC was a pretext to prevent Colony from seizing and selling its assets.
The five Jameson affiliates began filing bankruptcy last week after defaulting on loans and becoming the subject of lawsuits filed earlier this year in New York by Colony, according to court documents. Colony wants to auction the Jameson assets lodging in alaska that were put up as collateral for the loan.
Jameson Inns, based in Smyrna, Georgia, operates more than 100 hotels in the Southeast and Midwest of the U.S. One affiliate of Jameson runs the hotels, while others, like the bankrupt lodging in alaska units, hold debt and own the hotels. All of the affiliates are units of Argila LLC, according to an organization chart filed as part of the bankruptcy case.
The five bankrupt affiliates each have separate boards of directors, bankruptcy attorney Laura Davis Jones said in an interview today. Her firm, Pachulski, lodging in alaska Stang, Ziehl Jones, LLP was hired by all five of the bankrupt affiliates.