MSR Hotels seeks exclusivity extension to continue sale process, talks

By Caroline Salls

Pittsburgh, Aug. 20 - MSR Hotels & Resorts, Inc. requested a 30-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 Oct. 5 and the solicitation period through Dec. 4.

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 Sept. 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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