Innkeepers Wins Extension For Exclusivity Window

Law360, New York (November 10, 2010, 6:02 PM EST) -- A federal judge has extended the window during which bankrupt hotel owner Innkeepers USA Trust retains an exclusive right to advance a restructuring proposal, putting off the table for now a request from lender Midland Loan Services Inc. to lodge an alternative plan.

Judge Shelley C. Chapman granted Innkeepers' request to extend the exclusivity period to Jan. 31 during a brief hearing Wednesday in the U.S. Bankruptcy Court for the Southern District of New York that followed more than an hour of closed-door discussions.

Judge Chapman...
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