MSR Hotels granted 120-day exclusivity extension to pursue asset sale

By Jim Witters

Wilmington, Del., Oct. 23 - MSR Hotels & Resorts, Inc. received approval for a 120-day extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to an Oct. 22 filing with the U.S. Bankruptcy Court for the Southern District of New York.

When requesting the extension, the company 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.

MSR's exclusive period for filing a plan is extended through March 4 from Nov. 4. The exclusive period for soliciting votes is extended through May 3 from Jan. 3.

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

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