Hilton Says Licenses Bar Embassy Suites Ch. 11 Sale Plan
By Stewart Bishop
Law360, New York (September 9, 2013, 2:45 PM ET) -- Hilton Worldwide Inc. on Friday objected to a Chapter 11 reorganization plan from a group of bankrupt Embassy Suites hotel operators that calls for selling off seven Embassy Suites-branded hotels, saying the plan runs afoul of its licensing agreements with the operators.
Two affiliates of the hotel giant, HLT Existing Franchise Holding LLC and Embassy Suites Franchise LLC argue there is no legal basis for the court to require Hilton to alter the terms of its licensing agreements with the debtors, which are eight companies owned...