Ultimate Escapes seeks OK for $1.75 million sale of New York property

By Lisa Kerner

Charlotte, N.C., Dec. 7 - Ultimate Escapes Holdings, LLC asked the U.S. Bankruptcy Court for the District of Delaware to approve debtor Private Escapes Platinum Link, LLC's private sale of a condominium unit located at 310 W. 52nd St., Unit 1B/SU-103, in New York to Shweta Modi for $1.75 million, according to a Tuesday court filing.

Countrywide Bank, FSB and Richard V. Keith Jr. each hold interests (first and second mortgage, respectively) in the property, the filing said.

A hearing is requested for Dec. 20.

Ultimate Escapes, a Kissimmee, Fla.-based destination club operator, filed for bankruptcy on Sept. 20. The Chapter 11 case number is 10-12915.

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