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Sonoma's MacArthur Place owner declares bankruptcy

August 04, 2020

Arizona-based IMH both owns and operates the MacArthur Place, a longtime Sonoma hotel fixture just off Broadway. In its chapter 11 bankruptcy filing, IMH lists the hotel as its only income-producing property on a corporate balance sheet that includes $129 million in debt. In the filing documents, IMH CEO Chadwick Parson describes MacArthur Place as his company's "most important operating asset."