US Bank Wants To Bid On Bankrupt O'Hare Hotel

Law360, New York (July 9, 2010, 5:28 PM EDT) -- Parties speaking on behalf of secured lender U.S. Bank NA have protested the bankrupt InterContinental Chicago O'Hare hotel’s proposal to sell itself to an affiliate of Och-Ziff Real Estate Acquisitions LP, contending that the bank should be allowed to submit a competing offer.

An administrative agent for construction loan assets of the failed San Diego National Bank, which is now part of U.S. Bank, and the Federal Deposit Insurance Corp. filed objections Thursday in the U.S. Bankruptcy Court for the Northern District of Illinois to hotel...
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