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Published on 1/30/2014 in the Prospect News Distressed Debt Daily.

MSR Hotels & Resorts Chapter 11 plan accepted by lone voting creditor

By Caroline Salls

Pittsburgh, Jan. 30 - MSR Hotels & Resorts, Inc.'s Chapter 11 plan was accepted by the one holder of Midland claims that voted on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The accepting creditor holds a $59.89 million claim.

Holders of "other priority" claims were also entitled to vote on the plan, but there are no claimants in that class, the filing said.

The plan confirmation hearing is scheduled for Feb. 6.

MSR Hotels, a New York-based real estate investment trust, filed for bankruptcy on May 8, 2013. Its Chapter 11 case number is 13-11512.


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