Grand Wailea Owner Seeks Time To Build Ch. 11 Plan

Law360, New York (May 10, 2011, 8:17 PM EDT) -- The owner of the Grand Wailea Resort Hotel & Spa and other luxury resorts asked a bankruptcy judge in New York on Tuesday for more time to put together a reorganization focused on slashing Hilton Worldwide's management fees and selling Miami’s iconic Doral resort.

Paulson & Co. Inc.-owned MSR Resort Golf Course LLC requested an extension of the exclusivity period so that the debtor can focus on streamlining its operations and drawing up a Chapter 11 plan built on the sale of Doral Golf Resort &...
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