Embassy Suites Operators Seek Nod For New Ch. 11 Plan
By Jamie Santo
Law360, New York (September 20, 2013, 5:56 PM ET) -- A collection of Embassy Suites hotel operators and their secured lender submitted an amended Chapter 11 reorganization plan Wednesday that calls for the sale of several hotels, urging a California bankruptcy judge to confirm the plan over the objection of Hilton Worldwide Inc.
Submitted jointly by the debtors — eight companies owned by real estate manager Patrick Nesbitt and his Santa Monica, Calif.-based Windsor Capital Group Inc. — and secured lender U.S. Bank NA, the amended plan calls for the sale of seven Embassy Suites hotels...