Embassy Suites' Ch. 11 Plan Approved With Changes

Law360, Los Angeles (October 07, 2013, 7:19 PM ET) -- A California bankruptcy judge confirmed Friday a third amended Chapter 11 reorganization plan filed by a collective of Embassy Suites hotel operators with secured lender U.S. Bank NA, sustaining objections brought by two Hilton Worldwide Inc. affiliates and overruling others.

The order confirming the amended plan comes just after HLT Existing Franchise Holding LLC and Embassy Suites Franchise LLC objected to the reorganization plan, arguing that it would wrongly require them to alter their standard agreements to suit U.S. Bank. The Hilton units said U.S. Bank...
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