A popular hotel in Rockland is now bankrupt amid accusations that a former manager stole more than $1 million.

The Time Nyack Hotel opened up two years ago and is considered a local hotspot.

Despite its appeal and popularity, the $20 million hotel on High Avenue is now bankrupt and $40 million in debt, according to court documents.

A federal judge approved the Chapter 11 designation on Tuesday amid investor allegations that former manager Edgar Costa stole more than $1 million by forging documents and hacking emails.

At this point, no charges have been filed against the former manager and the future of the hotel remains unclear.

A court appointed trustee will now oversee The Time Nyack Hotel's assets and comb through its books.