NYC Margaritaville owner files for bankruptcy ahead of foreclosure

There’s serious financial trouble in paradise at the Manhattan branch of the Jimmy Buffet song-themed hotel and restaurant.

Some people claim that there’s a woman to blame, but the owner of Margaritaville Times Square claims his lender rigged the auction process.

“[Arden’s] intent here is obvious,” states a lawsuit filed by El-Gamal on Wednesday in Manhattan Supreme Court, according to. “It hopes to seize control of the property and benefit from [El-Gamal’s] hard work.”

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