The historic Greenbrier resort in West Virginia, whose motto is "Defining Luxury Since 1778," filed for bankruptcy on Thursday. Marriott International is acquiring the hotel for $130 million.
It is just one of a number of luxury hotels facing tough times.
Others include the Hotel des Ambassadeurs de Hollande, in Paris, which is on the block for $45.3 million. Among the famous guests who have graced its rooms are Charlie Chaplin, Richard Nixon and Sophia Loren.
Also in Paris is Hotel de Crillon, one of 12 Starwood Hotels and Resorts properties on the block for $2.6 billion. Saudi hotel magnate Mohamed bin Issa Al Jaber is possible bidder, according to Forbes.com.
Atlantic City's Tropicana Casino and Resort is also struggling to find a buyer as its parent company, Trump Entertainment, faces bankruptcy and the departure of Donald Trump and daughter Ivanka from its board. Reportedly, investor Carl Icahn is a possible bidder.