MSR Hotels eyes 120-day exclusivity extension to continue sale process

By Lisa Kerner

Charlotte, N.C., Oct. 8 - MSR Hotels & Resorts, Inc. requested a 120-day extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company wants to extend its exclusive filing period through March 4 from Nov. 4 and the solicitation period through May 3 from Jan. 3.

MSR said it would use the extra time to continue its sale process and continue talks with stakeholders on the terms of a Chapter 11 plan.

A hearing is scheduled for Oct. 22.

Recently, the court extended the exclusive filing period through Nov. 4 from Oct. 5 and the solicitation period through Jan. 3 from Dec. 4.

MSR Hotels, a New York-based real estate investment trust, filed for bankruptcy on May 8. Its Chapter 11 case number is 13-11512.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.