MSR Witnesses Make Case To Cancel Hilton Agreements

Law360, New York (July 13, 2012, 12:00 AM EDT) -- A witness for MSR Resort Golf Course LLC testified Friday that the company is unable to maximize earnings on three of its luxury resorts, telling a New York bankruptcy judge that Hilton Worldwide Inc. should be dropped as the resorts' property manager.

MSR, which owns five luxury hotel and resort properties and filed for Chapter 11 protection in February 2011, has been in New York bankruptcy court seeking to upend its resort management agreements in a bid to free up money. In February 2012, it reached...
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