Re Alan Tantleff dealt with an application for recognition of US Chapter 11 restructuring proceedings in Singapore. The Singapore High Court held, among other things, that a REIT could.
A Delaware bankruptcy judge has given hotel operator Eagle Hospitality Group the go-ahead to pay $9 million to Marriott International and the owner of the Holiday Inn hotel chain to settle more than $46 million in claims for licensing and franchise fees.
A Delaware bankruptcy judge has given hotel operator Eagle Hospitality Group the go-ahead to pay $9 million to Marriott International and the owner of the Holiday Inn hotel chain to settle more than $46 million in claims for licensing and franchise fees.
Eagle Hospitality Group has rolled out a plan and disclosure statement for its Delaware Chapter 11 liquidation, aiming to complete voting by Dec. 9 and secure a confirmation on Dec. 16 or 20 for a liquidation that will pay about $379.5 million to top creditors in the 15-hotel bankruptcy.
Eagle Hospitality Group has reached an agreement with prepetition lenders and unsecured creditors over funding of its Singapore affiliates, allowing the company to move forward on a restructuring plan that could wrap up its Chapter 11 by year's end, the parties told a Delaware bankruptcy judge Tuesday.